Summary of EPISHINE RECEIVES 80 MILLION SEK (EUR 8 MILLION) – AXSOL BECOMES LARGEST INDIVIDUAL SHAREHOLDER
Epishine has launched printed organic solar cells optimized for indoor, low-light conditions to power IoT devices. Backed by an 80 million SEK (EUR 8 million) financing round led by AxSol—now the largest shareholder with 20%—and supported by previous investors, Epishine aims to scale its flexible, thin photovoltaic technology developed from decades of research to serve applications such as in-store signage, wireless sensors, electronic locks, and smoke alarms in the prop-tech and real estate sectors.
Parts used in the Epishine indoor organic solar cell product:
- Printed organic solar cell
- Thin flexible substrate
- Organic photovoltaic active layers
- Encapsulation layer
- Electrical contacts
- Power harvesting circuitry (for IoT integration)
- Adhesive or mounting materials
Epishine’s organic solar cells for indoor use meet the need for a wireless renewable energy source for the rapidly growing IoT-market.
Epishine has developed a pioneering, patented process for printing organic solar cells with industry-leading low-light efficiency. They have just launched their first product on the world market: a small-scale solar cell that harvests indoor light to supply power to IoT products. They have received 80 million SEK (EUR 8 million) to position themselves as the market leader in printed solar cells.
AxSol, the solar energy group of Swedish family-owned conglomerate Axel Johnson, has over the past two years made four investments in Nordic solar energy companies and has led the current financing round in Epishine. The issue amounts to a total of 80 million SEK (EUR 8 million), with AxSol joining previous investors, such as Almi Invest GreenTech, Karl-Johan Persson’s investment company Philian, Beijers Ventures and Vigo Carlund. With this financing round, AxSol becomes Epishine’s largest individual shareholder with an ownership share of 20 percent.
Epishine was founded in 2016 on the basis of over 30 years of research in organic electronics and photovoltaics. The company, located in Linköping, Sweden, has with great success in the past year developed its thin, flexible organic solar cells optimized for harvesting indoor light.
The increasing demand for optimized energy solutions for wirelessly connected IoT devices creates strong growth opportunities for Epishine’s technology, with application capabilities across a wide range of low-energy indoor product categories. In addition to the initial products’ focus on prop-tech, to in-store product and price signage, the solar cell’s applications include wireless sensors, electronic locks and smoke alarms within the real estate sector.
Read more: EPISHINE RECEIVES 80 MILLION SEK (EUR 8 MILLION) – AXSOL BECOMES LARGEST INDIVIDUAL SHAREHOLDER
- What does Epishine’s product do?
It harvests indoor light using printed organic solar cells to supply power to IoT products. - Who led the latest financing round for Epishine?
AxSol led the financing round and became the largest individual shareholder. - How much funding did Epishine receive in the recent round?
Epishine received 80 million SEK (EUR 8 million). - What ownership share does AxSol have after the investment?
AxSol holds a 20 percent ownership share. - Where is Epishine located?
Epishine is located in Linköping, Sweden. - What applications are mentioned for the indoor solar cells?
Applications include in-store product and price signage, wireless sensors, electronic locks, and smoke alarms. - What technology background supports Epishine?
Epishine was founded on over 30 years of research in organic electronics and photovoltaics. - Which investors joined the latest round besides AxSol?
Previous investors include Almi Invest GreenTech, Philian, Beijers Ventures and Vigo Carlund.
