LiU Invest invests in Epishine
Epishine develops organic solar cells for indoor use. In the round of a total of 11.3 million, Almi Invest, Potential Invest and Lars Björk are the main investors. The capital will be used to put Epishine's patented technology into production.
Epishine has developed a unique lamination process to produce solar cells that can generate electricity in extremely low light conditions. The production method uses organic materials and avoids expensive or toxic substances such as silver and arsenides.
-Epishine's organic solar cells are based on research at Linköping University. The solar cells address a concrete problem in a growing market because the application area is the power supply of IoT gadgets. The combination between a solution to a clear problem and a growing market made this a natural investment for us, says Jonas Nilsson, Investment Manager at LiU Invest.
Epishine's solar cells are the result of over 25 years of research, at, among others, Linköping University. The solar cells are thin, flexible, light and well suited for integration in smart IoT products that need to work without fixed electrical installation or battery changes, e.g. alarm sensors.
-Thanks to this investment, we can accelerate our development and start moving from lab to real production. We are very happy that we have got such committed investors who want to work towards the same goals as us and share our vision, says Emma Woxlin, Market Director and Co-founder at Epishine.
Almi Invest, Potential Invest and Lars Björk are also participating in the round for a total of 11.3 million. These investors were drawn to Epishine because of the future potential of efficient solar energy extraction.
The capital will be used to put Epishine's technology into production, as well as for product development and expanded sales and marketing work.