e-peas, a Belgian fabless semiconductor company specialising in ultra-low-power energy harvesting and power management solutions, has closed €19.2 million ($22 million) to scale its commercial growth, expand into new international markets, and diversify its product offering. The funding was led by Crédit Mutuel Innovation, with the support of its Belgian
Rahul Raj
e-peas, a Belgian fabless semiconductor company specialising in ultra-low-power energy harvesting and power management solutions, has closed €19.2 million ($22 million) to scale its commercial growth, expand into new international markets, and diversify its product offering.
The funding was led by Crédit Mutuel Innovation, with the support of its Belgian branch, alongside SFPI, the Belgian federal fund. The capital raise also included the continued support of e‑peas’ historic investors, including the European Innovation Council (EIC) as well as Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW. With this round, the company has also streamlined its shareholder structure.
“This new investment is a strong endorsement of e‑peas’ technology, strategy, and market traction. It will allow us to further scale our commercial activities, enter new high-growth markets, and expand our portfolio to support a wider range of energy-autonomous applications. Our ambition is to make energy harvesting a standard design choice for sustainable electronics,” said Geoffroy Gosset, co-founder and CEO of e‑peas.
Founded in 2014 by Gosset and Julien De Vos, e‑peas stands for Electronic Portable Energy Autonomous Systems. The company, headquartered in Louvain-la-Neuve, Belgium, with offices in Switzerland and the USA, develops and markets ultra-low-power semiconductor technology that allows industrial and IoT device designers to “drastically” extend battery lifespans and eliminate costly battery replacements without compromising on reliability.
The startup claims that its solutions are backed by 15 years of research and patented IP, and can maximise harvested energy while minimising consumption across all power-related system blocks.
e‑peas states that its range of ultra‑low power management products enables electronic devices to operate autonomously from ambient energy sources such as light, RF, vibration, and heat. It offers a portfolio of energy-harvesting power management ICs, microcontrollers, and sensor solutions.
The company explained that energy harvesting is the process of collecting raw energy from ambient sources and converting it into a usable form. This process involves an energy harvester that transforms ambient energy into electrical power, along with an Ambient Energy Manager AEM) and a rechargeable storage element.
An Ambient Energy Manager, also known as a Power Management Integrated Circuit (PMIC), is a key component of an energy harvesting system. It controls power flow from the energy harvester to the storage component and ultimately to a low-power hardware device. By effectively managing the available energy with minimal losses, the AEM facilitates power harvesting from ambient sources, making it well-suited for IoT devices.
Its solutions already power high‑volume applications, including solar-powered remote controls, HVAC systems, cameras, and smart tracking devices, for leading global customers.
e‑peas emphasises that in such applications, this approach extends system life and eliminates the operational costs and environmental damage of using disposable batteries.
Alexis Riou, representing lead investor Credit Mutuel Innovation, said, “Supporting e‑peas allows us to contribute reshaping the future of IoT, making it more scalable and sustainable. The IoT market is booming, and e‑peas is set to become the undisputed leader in energy harvesting, offering the best solution out there. By backing this innovative company, we’re not just driving IoT growth; we are slashing its carbon footprint. It’s a unique opportunity to create value while making a real, positive environmental impact.”
In March 2024, the company announced the closing of a €17.5 million funding round led by Otium Capital. In 2020, it completed its funding round of €8 million led by Partech and Airbus Ventures.
