Energysquare has raised €3M to create a new standard in wireless charging
Following the announcement of a technological partnership with Lenovo at CES 2020, the company is now receiving support from VC fund Partech to accelerate its deployment among electronics manufacturers.
Paris, June 3rd, 2020 - Energysquare today announced a €3M
fundraising round led by Partech. Energysquare was founded in 2015 by Daniel
Lollo, Timothée Le Quesne and Matthieu Poidatz. Within a few years, the company
succeeded in creating a wireless charging technology that overcomes the
shortcomings of existing technologies.
"Leaders in the electronics
industry have invested billions over the past decade, yet they have been
struggling significantly with wireless charging," explains Timothée Le
Quesne, CEO of Energysquare. "Today's solutions are not very
user-friendly, they waste a lot of energy, and are much slower than a wire
charger. With Power by Contact technology, we offer a radically different
vision of wireless charging. Our goal is to bring to the market a new standard
of wireless charging, based on a powerful conductive technology, without energy
loss, 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 solution
not only makes it very easy to move from one workstation or meeting room to
another, without worrying about the battery level of all your electronic
devices (computer, mobile, wireless headphones, etc.), but also to automate the
connection 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 this
technological advantage, Energysquare has succeeded notably in convincing
Lenovo, the Chinese industrial giant and leader in the sector, to sign a
technological partnership to explore integration into their new laptop models.
At CES 2020, the two companies demonstrated the first Lenovo notebook models embedding
Energysquare's Power by Contact technology.
Following this partnership, and with the ambition to become the next
wireless charging standard by licensing its technology to leading manufacturers
in the industry, Energysquare convinced Partech to participate in the venture
by leading this new round of financing.
"When Timothée and Daniel came to present their technology and
strategy, we were all very impressed by what this young team had managed to
develop in a few years when electronic giants have been persistently pursuing
induction-based technologies for decades, without being able to develop a
viable technology. It's an incredible feat on the part of this team to have
taken up the challenge of conduction totally at the opposite end of the market,
creating a 100% functional technology and then convincing a major industrialist
in such a short time," explained Alison Imbert, Investment Director at
Partech.
"This new round of financing will enable us to accelerate our development in Asia and the United States, where the main manufacturers of electronic devices are located, and to provide our customers with the best possible support on the spot" explains Timothée Le Quesne. An office in Taiwan has already been opened.
Power by Contact technology
Unlike the induction charging solutions currently on the market, Power by Contact, operating by conduction, is a concentrate of advanced microelectronics and algorithms that allow users to charge all their devices simultaneously on a single surface, at maximum speed, without electromagnetic waves. This has many advantages for users: no interference, no overheating, no energy loss. In addition, Power by Contact is the first technology that allows any laptop to be charged wirelessly.
About Energysquare
Energysquare, a French company founded in 2015, is developing the new wireless charging technology "Power by Contact". Unlike inductive charging technologies on the market, Power by Contact allows the wireless charging of several devices simultaneously, at the same speed as a conventional charger, at high power and without energy loss. The company, which has a large portfolio of international patents developed with France Brevets, sells licenses of this French technology to international electronic device manufacturers.
Press Contact Energysquare:
+33682547110
About Partech
With a portfolio of almost 180 companies spread across 30 countries in
Europe, the US, Africa, and Asia, Partech has been one of the leading
international investors helping visionary founders for almost 40 years. The
Partech team – made up of both former entrepreneurs and executives from 15
different countries – brings capital, experience, strategic support, and
networks to entrepreneurs at every stage of development: seed, venture, and
growth. With over €1.5B AUM, Partech invests tickets from €200K to €50M in B2B
and B2C technologies reshaping industries. Companies backed by Partech have
completed more than 21 IPOs and more than 50 strategic M&A transactions
valued over $100M.
See Partech's current portfolio: https://partechpartners.com/companies
For
media inquiries:
Isabelle Tresson:
itresson@partechpartners.com
+33 7 86 08 85 85