e-peas Raises €19.2 Mn in Round led by Crédit Mutuel Innovation

The funding was led by Crédit Mutuel Innovation, with support from its Belgian branch and SFPI, the Belgian federal investment fund.

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Existing investors also took part in the round, including the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW.

The company will use the new funding to grow its business, expand into new international markets, and launch more products. The funding round also helped e-peas simplify its shareholder structure.

“This new investment is a strong endorsement of e‑peas’ technology, strategy, and market traction. It will allow us to further scale our commercial activities, enter new high-growth markets, and expand our portfolio to support a wider range of energy-autonomous applications. Our ambition is to make energy harvesting a standard design choice for sustainable electronics,” said Geoffroy Gosset, co-founder and CEO of e‑peas.

Alexis Riou, representing lead investor Credit Mutuel Innovation, said, “Supporting e‑peas allows us to contribute reshaping the future of IoT making it more scalable and sustainable. The IoT market is booming, and e‑peas is set to become the undisputed leader in energy harvesting, offering the best solution out there. By backing this innovative company, we’re not just driving IoT growth; we are slashing its carbon footprint. It’s a unique opportunity to create value while making a real, positive environmental impact.”

Founded in 2014 by Geoffroy Gosset and Julien De Vos, e-peas, which stands for Electronic Portable Energy Autonomous Systems, is a Belgian company that develops ultra-low-power semiconductor technology. The company is headquartered in Louvain-la-Neuve, Belgium, and also has offices in Switzerland and the United States.

Its technology helps industrial and IoT device makers extend battery life and reduce the need for battery replacements. This allows devices to operate for longer while maintaining reliable performance.