Enfucell opens a crowdfunding campaign

Enfucell Oy, the leading provider of thin and flexible printed battery technology, and related IoT electronics, has opened a crowdfunding campaign on August 24. The company is raising 800’000 Euros to ramp up sales and marketing efforts, and ensure quality controls and smooth production by licensees to meet growing demand. The campaign will remain open until September 30, being operated by Invesdor.

Enfucell pursues this round of funding through crowdfunding instead of venture capital funding, as it aims to broaden its investor base in preparation for a potential public listing.

The company has revenue streams, growing for a third year in a row, from license payments from battery licensees, battery materials sales, customer driven device development projects and subcontracted low-cost IoT devices. The current revenue stream is mainly flowing from license and device prototype payments. The business model is highly scalable, leading to very high potential profitability.

More information is available from
Dr. Markku Ellilä, CEO
markku.ellila@enfucell.com

and through
https://www.invesdor.com/en/pitches/729
http://www.enfucell.com

Enfucell Oy is a technology company located in Vantaa. Enfucell has developed a printable, thin, flexible and eco-friendly SoftBattery®, which can be used as a power source in various Internet of Things and wearable electronics products and applications. The company was started in 2002, and employs about 10 people.