Company
Enfucell was founded in June 2002 after a decade of research on power sources for low power applications at the Automation Laboratory of The Helsinki University of Technology by Dr. Xia-Chang Zhang, the father of SoftBattery™, and his four PhD colleagues.
The company is dedicated to small power sources, and its main product is the SoftBattery™, a flexible and thin 1,5 V power source optimally utilized in disposable and short lifetime products. It is made of low cost industrial environmentally friendly materials that are disposable with other household waste.
Potential SoftBattery™ applications include e.g. RFID (radio frequency identification), micro sensors, functional packaging, and cosmetic and pharmaceutical delivery systems based on iontophoresis.
Enfucell Ltd. has received several international recognitions for its technology, including The Technology Pioneer 2007 by The World Economic Forum, one of the most prestigeous technology awards.
To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show the signs of being a long-standing market leader – and its technology must be proven.
Additional recognitions include Red Herring 100 in EMEA region in 2007 and The Guardian/LibraryHouse CleanTech100 in 2008. In March 2007, the developer of the SoftBattery™, Dr. Xia-Chang Zhang, was selected in Beijing as one of the ten most influential Chinese by China’s largest media companies.
Today Enfucell has its main office and technical facilities in the Petikko industrial park, where Enfucell has built modern facilities for SoftBattery® production and R&D, as well as management, administration and sales & marketing. Enfucell is now located in the same building with Auraprint Oy, a leading Finnish RFID and plastic labels printer, with whom Enfucell has been partnering since 2007. Since January 2008 Enfucell, Inc. has been established in the US with an office in McLean, Virginia.
Enfucell employs ca. twenty-five people, including a presence in the United States, and it is owned by its founders, private investors, Veraventure Oy, a Finnish governmental venture fund, and Varma Mutual Pension Insurance Co., the largest private sector pension insurance company in Finland.
In addition to its shareholders, Enfucell has been financially supported by Tekes, The Finnish Funding Agency for Technology and Innovation (www.tekes.fi).
By October 2008 Enfucell has raised 5,5 million euros, including technology development funding from Tekes.
