EnOcean, an Oberhaching, Germany-based innovator in sustainable Internet of Things (IoT) and maintenance-free and battery-free sensor-to-cloud solutions, received an investment from Innovation Industries.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth and development of new sustainable IoT solutions and widen its market footprint.
Led by CEO Raoul Wijgergangs, EnOcean delivers data for the sustainable IoT with its resource-saving technology and connectivity solutions. For more than 20 years, the company has been producing maintenance-free wireless switches and sensors, which gain their energy from the surroundings – from movement, light, or temperature changes. The combination of miniaturized energy converters, ultra-low electronics, radio technology, and open multi-protocol connectivity solutions based on open standards (EnOcean, Zigbee, Bluetooth®, BACnet, Modbus, LON, and IAP) forms the foundation for smart buildings, services, and production processes in the IoT. Its sustainable solutions are used in building automation, smart homes, LED lighting control, and industrial applications to enable optimization of the CO2-footprint of buildings. EnOcean is a partner for more than 500 product manufacturers and has already completed more than a million buildings worldwide with energy harvesting and sustainable solutions.
FinSMEs
27/09/2023