Brief: Enfucell to Close Invesdor Campaign With Nearly €400,000 in Funds

Finland-based customized battery technology supplier, Enfucell, is set to close its equity crowdfunding campaign on Invesdor with close to 400,000 in funds. The company launched the initiative originally seeking €300,000 (max €800,000).

enfucell-1Enfucell was a spin-off from Helsinki University of Technology (HUT), and active operations commenced in 2005. Founded in 2002, the company has spent the last decade 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 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.

“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.”

Funds from the campaign will be used for the company’s expansion.

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