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Epishine

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Develops and produces printed solar cells that consist only of organic materials

Linköpings kommun, SwedenFounded 2016Energy

Valuation $25–50M Last recorded · 2024

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Epishine

Epishine is an innovative startup focused on the development and commercialization of organic solar cells optimized for indoor light. The company operates in the renewable energy sector, specifically targeting the Internet of Things (IoT) market. Epishine's primary product is a small-scale solar cell designed to harvest energy from indoor lighting, which can be used to power various IoT devices. This technology aims to reduce the need for battery replacements, thereby cutting maintenance costs and minimizing the environmental impact associated with battery disposal.

Epishine serves a diverse range of clients, including manufacturers of small electronics and IoT devices, who are looking to enhance their products with sustainable energy solutions. The company has recently expanded its market presence by signing an agreement with Computer Controls AG (CCAG), a Swiss IT distribution house with an international reputation. This partnership is expected to strengthen Epishine's footprint in multiple countries, broadening their customer base.

The business model of Epishine revolves around the sale of their patented organic solar cells. They generate revenue by supplying these solar cells to manufacturers who integrate them into their products. Additionally, Epishine may engage in licensing agreements, allowing other companies to use their proprietary technology in exchange for royalties.

Epishine has recently secured 80 million SEK (approximately EUR 8 million) in funding, with AxSol becoming their largest individual shareholder. This financial boost will enable the company to scale its operations, enhance its product offerings, and expand its market reach.

In summary, Epishine is a pioneering company in the renewable energy sector, offering innovative indoor solar cells for IoT devices. Their business model focuses on product sales and potential licensing agreements, serving a global market of electronics manufacturers. With recent funding and strategic partnerships, Epishine is well-positioned for growth.

MoreLess Source: Dealroom company data