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EnOcean
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Short description

Developer of energy harvesting sensors and communication systems for use in building automation and energy management systems

Founded in 2001
Founded in

Company type Private Public (SIOT)
Company type

Industry Group energy & power

Sector buildings

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Germany Oberhaching, Germany
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Updated by Gina Domanig at Emerald VC on 01/07/2013

Edited by Cleantech Group on 12/06/2023

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Date Company
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Date Partner Type
07/24/2019
WiSilica WiSilica
WiSilica and EnOcean collaborated to include EnOcean’s EasyFit Bluetooth® switches and sensors to WiSilica solutions. The switches and sensors from EnOcean seamlessly work with WiSilica platform to endorse energy savings.
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Confirmed by WiSilica
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IPO INFORMATION

Date

11/13/2022

IPO status

Withdrawn

IPO Type

SPAC

Amount

Initial shares

Ticker symbol

SIOT

Exchange listed

NYSE

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Description

On November 13th, 2022 EnOcean filed for public listing via SPAC with Parabellum Acquisition. EnOcean valued at $120M with up to $40M raised prior to closing of business combination. Since then, by May 1st 2023, Parabellum Acquisition announced that the merger agreement with EnOcean GmbH has been terminated and the SPAC will cease operations.

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Date Investors Type Amount
09/27/2023 Innovation Industries Innovation Industries (1)
Post-money valuation of
Financial terms undisclosed. Funding will be used for growth and development of new sustainable IoT solutions, and to widen market footprint.
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