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Enfucell Opens a Crowdfunding Campaign

Company is raising €800,000 to ramp up sales and marketing efforts, ensure QC.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Enfucell Oy has opened a crowdfunding campaign. The company is raising €800,000 to ramp up sales and marketing efforts, and ensure quality controls and smooth production by licensees to meet growing demand. The campaign will remain open until Sept. 30, 2016, being operated by Invesdor.
 
Enfucell pursues this round of funding through crowdfunding instead of venture capital funding, as it aims to broaden its investor base in preparation for a potential public listing.
 
The company has revenue streams, growing for a third year in a row, from license payments from battery licensees, battery materials sales, customer driven device development projects and subcontracted low-cost IoT devices. The current revenue stream is mainly flowing from license and device prototype payments. The business model is highly scalable, leading to high potential profitability.Aug. 25, 2016
www.enfucell.com
Enfucell Opens a Crowdfunding Campaign
 
Company is raising €800,000 to ramp up sales and marketing efforts, ensure QC.
 
Enfucell Oy has opened a crowdfunding campaign. The company is raising €800,000 to ramp up sales and marketing efforts, and ensure quality controls and smooth production by licensees to meet growing demand. The campaign will remain open until Sept. 30, 2016, being operated by Invesdor.
 
Enfucell pursues this round of funding through crowdfunding instead of venture capital funding, as it aims to broaden its investor base in preparation for a potential public listing.
 
The company has revenue streams, growing for a third year in a row, from license payments from battery licensees, battery materials sales, customer driven device development projects and subcontracted low-cost IoT devices. The current revenue stream is mainly flowing from license and device prototype payments. The business model is highly scalable, leading to high potential profitability.

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