Investment opportunity
Enfucell Ltd., a Finnish start-up company, is seeking €2 million in funding to develop its thin, flexible paper battery for the international market.
CEO Jaako Happonen, speaking at the "Meet the Spinouts" conference 8 March organised by Library House and sponsored by Science|Business, said the company's first product is called SoftBattery, a paper fuel cell that can supply about 1.5 volts of electricity. The company's fuel cell technology, he said, can be used to power RFID tags, cosmetic patches and drug delivery patches, among other products.
He said the company's product, on which a 20-claim patent application has been filed, is ready for mass production and a test run of at least 10,000 batteries is planned for later this year. He said its production technology can scale up to the high volumes and low unit costs required for this class of battery to catch on in the consumer market. Enfucell is one of a handful of companies pursuing the market for flexible batteries, and claims to have a superior production technology.
So far, the company has been funded by Tekes, the Finnish state technology fund, and Veraventure Oy, a seed fund. It has raised more than €1 million for development so far.
Enfucell Ltd., a Finnish start-up company, is seeking €2 million in funding to develop its thin, flexible paper battery for the international market.
CEO Jaako Happonen, speaking at the "Meet the Spinouts" conference 8 March organised by Library House and sponsored by Science|Business, said the company's first product is called SoftBattery, a paper fuel cell that can supply about 1.5 volts of electricity. The company's fuel cell technology, he said, can be used to power RFID tags, cosmetic patches and drug delivery patches, among other products.
He said the company's product, on which a 20-claim patent application has been filed, is ready for mass production and a test run of at least 10,000 batteries is planned for later this year. He said its production technology can scale up to the high volumes and low unit costs required for this class of battery to catch on in the consumer market. Enfucell is one of a handful of companies pursuing the market for flexible batteries, and claims to have a superior production technology.
So far, the company has been funded by Tekes, the Finnish state technology fund, and Veraventure Oy, a seed fund. It has raised more than €1 million for development so far.
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