Québec-based printed electronics startup, e2ip Technologies, has announced its fundraise of US$120 million in a Series B round. Export Development Canada (EDC) and McRock Capital co-led the funding round. Existing investor Investissement Québec more than doubled its position and new investor DNA Fund also participated. The National Bank of Canada (BNC) also supported the round.
e2ip Technologies is a leader in developing technologies for smart displays and surfaces. It will use this growth capital to productize its HMI-IIoT technology leadership from the high-performance engineered solutions business. The company will also grow its global revenue through the digital deployment of its productized and ready-to-use printed electronics, embedded systems, touchscreen and In-Mold-Electronics (IME) platforms.
Further, e2ip will expand its embedded systems capabilities in its existing high-volume facility in Casablanca, Morocco, immediately. It will consolidate its Canadian facilities into a new Manufacturing-R&D facility in Montreal by end-2024, which will house e2ip’s new HQ.
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Printed electronics startup e2ip is a leader in smart displays & surfaces technologies
The company’s Smart Structural SurfaceTM technologies can print & directly integrate smart functions within the structural surface material. These functions include touch controls, lighting, telecommunication, and energy harvesting, and are printed using additive manufacturing processes. This makes smart functions directly integrated within the structural surface material of the objects, machines, appliances, and systems.
The structural material is reused to integrate functions within the material during the automated surface manufacturing process, versus adding components, labor, and cost to the exterior of the structure during the final assembly. This reduces the eco-footprint and cost of customers’ products, as well as overall weight and space. As a result, the overall design is more appealing, usable, and durable. According to Eric Saint-Jacques, CEO of e2ip, this innovation creates greater differentiation for the company’s market-leading customers.
e2ip is also a member of National Research Council of Canada and PRIMA Québec advanced materials research and innovation centre. In collaboration with various universities, it invests in fundamental research and applied science. Through these partnerships, the company’s R&D teams have created market-disruptive advancements. This has further deepening its already extensive patent portfolio of Smart Structural SurfaceTM technology.
