In a significant boost to the digital sector’s sustainability efforts, Paris-based Greenerwave has successfully closed a €15 million fundraising round, led by the Defence Innovation Fund, managed by Bpifrance, and supported by other prominent investors such as Safran Corporate Ventures, Intelsat, BNP Paribas Développement, and Plastic Omnium. This groundbreaking initiative is set to catapult Greenerwave, a European frontrunner in electromagnetic wave control technologies, into new heights of innovation and market leadership in energy-efficient connectivity solutions.
The Innovation Behind Greenerwave
At the heart of Greenerwave’s disruptive technology are reconfigurable intelligent surfaces (RIS) and sophisticated algorithms that direct signal-carrying waves more effectively in real-time. This technology not only outperforms conventional antennas by being less energy-intensive and requiring fewer semiconductors but also stands as a critical solution to the urgent need for decarbonizing the digital sector.
“Better performing, less energy intensive and requiring fewer semiconductors than conventional antennas, Greenerwave’s technology directly addresses the crucial need to decarbonize the digital sector,” said Geoffroy Lerosey, co-founder and CEO of Greenerwave, highlighting the transformative potential of their innovations.
Funding and Future Ambitions
The Series A funding follows an initial round of up to €1 million from CNRS and business angels like Xavier Niel in 2016. With this substantial financial injection, Greenerwave is poised to accelerate the development of its technology, promising to revolutionize defense, space, automotive, and telecommunications sectors globally.
“We are proud to support Greenerwave in this adventure,” commented Muriel Prudent, Investment Director at Bpifrance, underscoring the project’s alignment with the challenges supported by the Defence Innovation Fund and Bpifrance, especially in terms of environmental promise and significantly reduced energy consumption.
Applications and Industry Transformation
Greenerwave’s technology is not limited to improving connectivity; it spans across radar imagery and the Internet of Things (IoT), optimizing wireless signal transmission and quality. The startup’s metasurfaces, capable of generating and controlling directional beams, promise a new era of telecommunications, terrestrial and non-terrestrial connectivity, including satellites.
Environmental Impact and Sustainability
A key aspect of Greenerwave’s mission is its commitment to environmental sustainability. The company’s innovative use of RIS technology drastically reduces the energy consumption and production costs of antennas, contributing to the reduction of material use and promoting technological and industrial sovereignty.
Looking Ahead
With a vision to become a world leader in energy-efficient connectivity, Greenerwave is set to expand its workforce and product range, meeting the market’s growing demands. The company’s first product, a flat antenna with electronic reconfiguration for the satellite communications market, is a testament to its competitive edge and sustainable approach, slated for pre-order by the end of 2024.
“We are convinced that the Greenerwave solution will democratize satellite communications for new constellations by providing a multi-constellation and economically competitive solution,” stated Sébastien Weber, President of Safran Aerosystems and President of Safran Passenger Innovations, highlighting the broader industry impact of Greenerwave’s technology.
Conclusion
Greenerwave’s €15 million fundraising marks a pivotal moment in the pursuit of sustainable, energy-efficient connectivity solutions. As the company gears up to transform various sectors with its innovative technology, the future looks promising for digital connectivity that aligns with environmental sustainability goals. Readers are encouraged to share their thoughts and insights on how Greenerwave’s advancements could shape the future of connectivity. What implications do you see for the broader industry and our daily lives? Comment below with your views.
