Enfucell, a Finland-based customized battery technology supplier in the printed electronics industry, recently debuted its equity crowdfunding campaign on Invesdor to raise a minimum of €300,000 (max of €800,000) as it prepares for expansion.
Founded in 2002, Enfucell notably began as a spin-off from Helsinki University of Technology (HUT), and active operations commenced in 2005. The company revealed it spent ten years developing its patented thin, flexible and eco-friendly SoftBattery technology. This has been notably designed specifically for the needs of healthcare, sports and logistics sectors because they value wearability in smart technology. Enfucell also spent ten million euros on R&D during the past decade.
Enfucell stated:
“Enfucell solves problems that are in many cases unsolvable using traditional battery technology. Enfucell is in a unique position to tap into the expanding IoT market by using its existing, patented printable battery technology in technology licensing, as well as developing new and exciting ways to fulfill both companies and people’s needs.”
Enfucell CEO, Markku Ellilä, shared:
“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.”
In regards to Enfucell’s future, Ellilä, added:
“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.”
Since its launch, the campaign has successfully secured over €200,000. It is set to close September 30th.
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