Deep-tech startup Enervibe raises $3.4 million to convert movement into electrical energy
The Israeli company develops kinetic energy harvesters that enable high energy efficiency for the operation of wireless sensors and IoT devices
Israeli deep-tech startup Enervibe announced on Wednesday that it has completed a first round of financing of $3.4 million from the Mobilitech Capital Fund, which is supported by Dan Transportation Group and Samelet Group, Capital Nature and CBG. The round also includes follow-on investments in the company by ProSeed Fund and private investors. The round includes an option for future investment and could rise to $5 million.
Enervibe develops and produces kinetic energy harvesters that convert movement into electrical energy using innovative technology that enables high energy efficiency for the operation of wireless sensors and IoT devices in various industries such as Automotive, Industry 4.0, Consumer electronics and sports equipment.
Enervibe was founded as part of Capital Nature’s technology incubator in 2018, led by entrepreneurs Dr. Dan Haronian and Michael Haronian.
"Our vision is to make mobile IoT devices and wireless sensors energy independent while reducing the use of polluting batteries and reducing GHG emissions,” said Moshe Avlagon, CEO of Enervibe. “The automotive market, one of the numerous target markets for the company, is undergoing a massive revolution, in which all the players are being pushed beyond the limits of the technologies they were accustomed to. Vehicles are becoming more connected, more autonomous and more data driven, based on a large number of sensors. The technology Enervibe has developed is, for the first time, paving the way for the self-powered, autonomous sensors revolution in vehicles.”
Meni Maor, Managing Partner of Mobilitech Capital Fund, added: “We believe there is tremendous potential for this innovative technology by Enervibe, driven by climate change initiatives and digitized economy, primarily in the mobility sector. Highly efficient, sustainable and lithium free energy harvesters can be applied into multiple sectors with a convincing value proposition, resolving real global challenges."