September 19, 2016
Printable Batteries Power the Internet of Things
- Printable batteries enable the growth of the internet of things (IoT)
- With a decade of R&D on its patented battery technology, Enfucell, a Finnish company, is one of the leading names in printed electronics
- Enfucell is raising equity crowdfunding through Invesdor for scaling up their operations, sales and marketing
The internet of things has been predicted to bring about the third industrial revolution. Its basic idea of any object being connected to the internet and used to gather data is ambitious. Connecting objects to the internet requires large amounts of sensors, which results in a challenge that is simple to understand but difficult to solve: sensors need power to function.
The problem is that the varied application purposes require power sources with resilient features. The healthcare sector, for example, is developing skin patches that can be used to monitor patients. In sports, light and flexible batteries are needed for measuring mechanics, such as the angle and speed of a golf club during a swing.
“Whether it’s sensors for mailed packages, golf clubs or skin patches, the common thing for their batteries is that they have to be light, thin and flexible,” says Enfucell CEO Markku Ellilä.
Enfucell is one of the forerunners in printable batteries. The company has spent ten years developing its patented thin, flexible and eco-friendly SoftBattery technology. It has been designed specifically for the needs of healthcare, sports and logistics sectors, because they value wearability in smart technology. To ensure wearability, batteries need to be thin and bendy.
As for the company’s future, Ellilä sees Enfucell’s story taking it towards public markets.
“First we will carve out a strong position in the printed electronics industry during its growth phase. Once that is done, we want to do an IPO and continue our investment story with strong development of our share value and good dividends.”
Enfucell has spent ten million euros on R&D during the past decade, and no new capital is needed for research and development of the core technology. Instead, Enfucell is seeking €300,000–800,000 for scaling up their operations. More information about Enfucell and their equity offering can be found at Invesdor.com/enfucell.
Enfucell in brief:
Enfucell Oy is a technology company located in Vantaa, Finland. Enfucell has developed a printable, thin, flexible and eco-friendly SoftBattery®, which can be used as a power source in various Internet of Things and wearable electronics products and applications. The company was started in 2002, and employs 6 people.
Invesdor in brief:
Invesdor operates an online investment platform that connects ambitious European growth companies with investors worldwide. Invesdor has helped raise more than 16 million euros and hosted more than 60 successful equity crowdfunding campaigns.
A financial technology (fintech) company founded in Finland in 2012, Invesdor is the Nordic market leader in equity crowdfunding measured in invested capital and revenue in 2015. Invesdor’s clients include private and publicly traded companies from Finland, the UK, Norway and Denmark as well as investors from more than 50 countries. Invesdor has offices in London and Helsinki.