Energysquare has raised €3M to create a new standard in wireless charging

Energysquare has raised €3M to create a new standard in wireless charging

June 3rd, 2020

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Followingthe announcement of a technological partnership with Lenovo at CES 2020, thecompany is now receiving support from VC fund Partech to accelerate itsdeployment among electronics manufacturers.

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Paris, June 3rd, 2020 - Energysquare today announced a €3Mfundraising round led by Partech. Energysquare was founded in 2015 by DanielLollo, Timothée Le Quesne and Matthieu Poidatz. Within a few years, the companysucceeded in creating a wireless charging technology that overcomes theshortcomings of existing technologies.

"Leaders in the electronicsindustry have invested billions over the past decade, yet they have beenstruggling significantly with wireless charging," explains Timothée LeQuesne, CEO of Energysquare. "Today's solutions are not veryuser-friendly, they waste a lot of energy, and are much slower than a wirecharger. With Power by Contact technology, we offer a radically differentvision of wireless charging. Our goal is to bring to the market a new standardof wireless charging, based on a powerful conductive technology, without energyloss, and as fast as a conventional charge. All the advantages of cable,without the cable! "

Office workspaces can also be re-imagined, as Energysquare's solutionnot only makes it very easy to move from one workstation or meeting room toanother, without worrying about the battery level of all your electronicdevices (computer, mobile, wireless headphones, etc.), but also to automate theconnection with work or presentation screens, thanks to wifi 6 technology.

Energysquare already has a portfolio of international patents,registered thanks to the support of France Brevets. Thanks to thistechnological advantage, Energysquare has succeeded notably in convincingLenovo, the Chinese industrial giant and leader in the sector, to sign atechnological partnership to explore integration into their new laptop models.At CES 2020, the two companies demonstrated the first Lenovo notebook models embeddingEnergysquare's Power by Contact technology.

Following this partnership, and with the ambition to become the nextwireless charging standard by licensing its technology to leading manufacturersin the industry, Energysquare convinced Partech to participate in the ventureby leading this new round of financing. "When Timothée and Daniel came to present their technology andstrategy, we were all very impressed by what this young team had managed todevelop in a few years when electronic giants have been persistently pursuinginduction-based technologies for decades, without being able to develop aviable technology. It's an incredible feat on the part of this team to havetaken up the challenge of conduction totally at the opposite end of the market,creating a 100% functional technology and then convincing a major industrialistin such a short time," explained Alison Imbert, Investment Director atPartech.

"This new round of financing will enable us to accelerate ourdevelopment in Asia and the United States, where the main manufacturers ofelectronic devices are located, and to provide our customers with the bestpossible support on the spot" explains Timothée Le Quesne. An office inTaiwan has already been opened.

Power by Contact technology

Unlike the induction charging solutions currently on the market, Powerby Contact, operating by conduction, is a concentrate of advancedmicroelectronics and algorithms that allow users to charge all their devicessimultaneously on a single surface, at maximum speed, without electromagneticwaves. This has many advantages for users: no interference, no overheating, noenergy loss. In addition, Power by Contact is the first technology that allowsany laptop to be charged wirelessly.

About Energysquare

Energysquare, a French company founded in 2015, is developing the newwireless charging technology "Power by Contact". Unlike inductivecharging technologies on the market, Power by Contact allows the wirelesscharging of several devices simultaneously, at the same speed as a conventionalcharger, at high power and without energy loss. The company, which has a largeportfolio of international patents developed with France Brevets, sellslicenses of this French technology to international electronic devicemanufacturers.             

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About Partech

With a portfolio of almost 180 companies spread across 30 countries inEurope, the US, Africa, and Asia, Partech has been one of the leadinginternational investors helping visionary founders for almost 40 years. ThePartech team – made up of both former entrepreneurs and executives from 15different countries – brings capital, experience, strategic support, andnetworks to entrepreneurs at every stage of development: seed, venture, andgrowth. With over €1.5B AUM, Partech invests tickets from €200K to €50M in B2Band B2C technologies reshaping industries. Companies backed by Partech havecompleted more than 21 IPOs and more than 50 strategic M&A transactionsvalued over $100M.

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