EnOcean GmbH

Based in Germany, EnOcean GmbH specializes in wireless solutions that utilize energy harvesting technology, offering battery-free sensors and switches for smart building environments. EnOcean GmbH, founded in 2001 in Germany, develops wireless sensor technology aimed at creating smart buildings. The company has made strategic pivots to focus on energy efficiency solutions, and it operates globally with headquarters located in Germany. The founding team includes Armin Anders and Frank Schmidt, with Andreas Schneider currently serving as CEO.

EnOcean has successfully completed 6 funding deals, with the latest being a Series D round on September 26, 2023, raising EUR 8. 000 mn from notable investors such as Atmos and Wellington Partners, totaling EUR 8. 000 mn raised and achieving a current company valuation of EUR 24. 435 mn.

EnOcean specializes in developing battery-free, wireless sensor solutions using energy harvesting technology. Their product lineup includes self-powered sensors, kinetic switches, transceivers, gateways, and actuators, enhancing energy efficiency in smart spaces like offices and homes. EnOcean’s technology allows sensors to operate without batteries, promoting convenience and environmental sustainability. The company caters to various sectors, including healthcare and smart home automation, with a strong presence in Europe, North America, and Asia.

In the most recent year, 2023, EnOcean reported revenue of EUR 18,111,477. 30 and an EBITDA of EUR 2,309,515. 90. The company generates revenue through the direct sale of products to OEMs and system integrators, emphasizing long-term B2B contracts.

Their offerings include energy-harvesting switches and sensors, as well as subscription-based access to IoT software, designed for seamless integration into smart systems. On September 26, 2023, EnOcean GmbH raised EUR 8. 000 mn in growth funding from new investor Innovation Industries. This funding will be utilized to support the expansion of their growth initiatives, which include the development of upcoming products aimed at enhancing their smart building solutions and entering new markets across Europe and North America by the end of 2024.