e-peas has raised USD 22 million in fresh funding to accelerate the development of its energy-harvesting semiconductor technologies and expand its footprint in the rapidly growing Ambient IoT market. The investment will help the company grow internationally, strengthen its commercial operations, and develop new product families for battery-free and ultra-low-power electronic applications.
The funding round was led by Crédit Mutuel Equity, through Crédit Mutuel Innovation, with participation from its Belgian subsidiary and SFPIM, Belgium’s federal investment fund. Existing investors, including the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW, also joined the round. The company also simplified its shareholder structure as part of the transaction.
e-peas specializes in power management ICs (PMICs) that capture energy from ambient sources such as light, radio frequency signals, vibrations, and temperature differences. These solutions enable electronic devices to operate without disposable batteries or significantly extend battery life through efficient energy management.
Its technology is designed for Ambient IoT applications, where self-powered devices can reduce maintenance, lower operating costs, and minimize electronic waste. This makes energy-harvesting solutions well-suited for large-scale IoT deployments.
According to the company, its PMICs are already used in high-volume products including solar-powered remote controls, HVAC systems, surveillance cameras, and asset-tracking devices, demonstrating the practical benefits of battery-free or long-life power solutions.
The newly secured capital will support the expansion of e-peas’ product portfolio, strengthen its global market presence, and enhance its ability to serve OEMs developing sustainable consumer, industrial, and smart building technologies. By advancing ultra-low-power semiconductor innovation and energy harvesting, e-peas aims to meet the growing demand for efficient, battery-independent connected devices.
