Overfunding: Battery Tech Supplier Enfucell Surpasses €300,000 Funding Target on Invesdor

Enfucell, a Finland-based customized battery technology supplier in the printed electronics industry, has successfully secured its initial €300,000 funding goal on equity crowdfunding platform, Invesdor.

enfucell-1As previously reported, Enfucell began as a spin-off from Helsinki University of Technology (HUT), and active operations commenced in 2005. Founded in 2002, the company revealed it spent ten years developing its patented thin, flexible and eco-friendly SoftBattery technology, which has been specifically designed 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. 

The company 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-2It was also noted that Enfucell provides technology for thin and flexible batteries for licenses and manufacturers from around the world. The companies then offer products using its technology to their own clients. During a recent interview, Enfucell’s CEO, Markku Ellilä, revealed the company’s plans after its campaign’s closing:

“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.”

The initiative is set to close on Friday (September 30th) and the max target is €800,000.

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