EnOcean receives investment
EnOcean GmbH has received 4.5 million Euros for acquisition of new markets worldwide and continued development of its self-powered wireless technology for energy-efficient systems in the building sector. This brings the company’s total amount of venture and growth capital since it was founded to over 20 million Euros.
EnOcean is the market leader in the field of wireless sensors for applications in building and industry. With an annual turnover and sales growth of 100%, the company has sold some half a million units and estimates the market potential for self-powered wireless modules to be several hundred million modules a year.
Due to the major success of the EnOcean Alliance, which manages worldwide standardisation of EnOcean technology and co-finances the marketing of products that use EnOcean technology, lenders and investors had even further incentive to invest in EnOcean’s expansion.
Uwe Thumm, CFO of EnOcean GmbH said: “This new financing will be focused on expanding the European and North American markets, and establishing new markets, especially in Asia. In addition, we’re investing in further development of our technology and products.”