Epishine secures $1.3M from Almi Invest, Potential Invest, Lars Björk and Linköping University.
Epishine, a Norrköping, Sweden-based developer of a new type of solar cell, announced securing SEK 11.3M ($1.3M) in a fresh investment capital round.
Epishine, led by CEO Mattias Josephson and founded in 2016 as a spinoff from Linköping's and Chalmer's Universities, works with product development and marketing of the third generation of solar cells; organic solar cells.
The company has developed a method to manufacture printed organic solar cells, which makes possible wireless energy supply for the sensors used in the growing market of objects that communicate with each other over the internet without human involvement (the “internet of things”). In the long term, the new type of solar cell may also provide cheap, clean electricity to millions of people.