e-peas Secures $22 Million to Expand Battery-Free Ambient IoT Solutions

e-peas has secured USD 22 million in new financing to accelerate the development of its energy-harvesting semiconductor technologies and strengthen its position in the growing Ambient IoT market. The investment will support the company’s international expansion, enhance its commercial capabilities, and fund the development of new product families that address the rising demand for battery-free and ultra-low-power electronic systems.

The financing round was led by Crédit Mutuel Equity through its venture capital subsidiary, Crédit Mutuel Innovation, together with support from its Belgian subsidiary. Additional investment was provided by SFPIM, Belgium’s federal investment fund, while existing shareholders, including the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory and Invest BW, also participated. Alongside the capital increase, e-peas streamlined its shareholder structure.

The company develops power management integrated circuits (PMICs) designed to harvest energy from ambient sources, including indoor and outdoor light, radio frequency signals, vibration, and thermal gradients. These devices enable electronic products to operate without disposable batteries or to significantly extend battery lifetime by minimizing power consumption and efficiently managing harvested energy.

The technology is aimed at Ambient IoT applications, where autonomous operation is becoming increasingly important as the number of connected devices continues to grow. Eliminating or reducing battery dependence simplifies system maintenance, lowers operating costs, and reduces electronic waste, making energy-harvesting solutions particularly attractive for large-scale IoT deployments.

According to the company, its power management ICs are already deployed in high-volume products such as solar-powered remote controls, HVAC systems, surveillance cameras, and asset-tracking devices. These applications demonstrate how energy harvesting can provide long operating lifetimes while reducing the need for battery replacement throughout a product’s service life.

The new funding will be used to expand e-peas’ product portfolio beyond its current energy-harvesting power management solutions and to increase its presence in international markets. The company also plans to strengthen its commercial organization to address growing demand from OEMs developing sustainable electronic products for consumer, industrial, and smart building applications.

By focusing on ultra-low-power semiconductor design and ambient energy harvesting, e-peas aims to capitalize on the expanding Ambient IoT market, where improving energy efficiency and reducing battery dependence are becoming key design priorities for next-generation connected devices.

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