Belgium's e-peas Raises $22M for Energy Harvesting Tech

Jan de Vries · 2026-07-09

e-peas, a Belgian fabless semiconductor company that specializes in ultra-low-power energy harvesting and power management solutions, just closed a $22 million funding round. The money will help the company scale its commercial growth, break into new international markets, and diversify its product lineup. ### Who Backed the Round? The funding was led by Crédit Mutuel Innovation, with support from its Belgian branch and SFPI, the Belgian federal fund. Several existing investors also joined in, including the European Innovation Council (EIC), Wallonie Entreprendre, KBC Focus Fund, Otium, Nomainvest, The Faktory, and Invest BW. This round also helped e-peas simplify its shareholder structure. ### What the CEO Says “This new investment is a strong endorsement of e‑peas’ technology, strategy, and market traction,” said Geoffroy Gosset, co-founder and CEO. “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.” ### A Quick Look at the Company Founded in 2014 by Gosset and Julien De Vos, e-peas stands for Electronic Portable Energy Autonomous Systems. The company is headquartered in Louvain-la-Neuve, Belgium, with offices in Switzerland and the USA. They develop ultra-low-power semiconductor technology that helps industrial and IoT device designers dramatically extend battery life and cut down on costly battery replacements, all without sacrificing reliability. The startup says its solutions are backed by 15 years of research and patented IP. They can maximize harvested energy while minimizing consumption across every power-related system block. ### How Energy Harvesting Works Energy harvesting is basically the process of collecting raw energy from ambient sources—like light, RF, vibration, or heat—and converting it into usable electrical power. It involves an energy harvester (which transforms ambient energy into electricity) plus an Ambient Energy Manager (AEM) and a rechargeable storage element. An AEM, also called a Power Management Integrated Circuit (PMIC), controls the power flow from the harvester to the storage component and then to the low-power device. By managing energy with minimal losses, the AEM makes it possible to power IoT devices from ambient sources. ### Real-World Applications e-peas’ solutions already power high-volume applications like solar-powered remote controls, HVAC systems, cameras, and smart tracking devices for leading global customers. The company says this approach extends system life and eliminates the operational costs and environmental damage of disposable batteries. ### Investor Perspective Alexis Riou from lead investor Credit Mutuel Innovation added, “Supporting e‑peas allows us to contribute to 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.” ### Previous Funding In March 2024, e-peas closed a $19 million round led by Otium Capital. And back in 2020, it raised $9.8 million led by Partech and Airbus Ventures.