ReVibe Energy closes investment round to boost expansion

ReVibe Energy is happy to announce that an investment round dedicated to prepare the company for an international expansion during 2017 has been closed. The company offers its customers a mobile and wireless power source that never runs out of power with the purpose of powering wireless sensor- and monitoring systems.

Through a unique and patented energy harvesting technology, the products of ReVibe Energy powers Industrial Internet of Things (IIoT) applications and eliminates the need for batteries and/or cables as the main power source. The solution allows for a significantly higher return on investment compared to conventional power sources.

- We are very satisfied with the recent investment and that all of our current shareholders has committed to boost the company’s expansion plans. Having such strong partners as Saab Ventures, Qamcom Technology, Almi Invest and Chalmers Ventures is vital for us. The experience and knowledge found in our advisory team provides us with the toolkit needed to attract new customers and linking strategic partners to the company. We are very excited about what lies ahead, says Viktor Börjesson, CEO & Co-founder

ReVibe Energy has during the last few months initiated strategically important customer projects and is now looking to establish cooperation with additional clients around the world to continue expanding the company. Exciting applications can be found in industries such as Railway & logistics, industrial automation, fleet management, asset tracking etc.

- ReVibe Energy provides a solution that comprises a key component in the Industrial Internet of Things ecosystem. The company has positioned itself strategically on a market that grows rapidly and we are looking forward to support the company further, to achieve our goals, says Thomas Thard, Investment Director at Saab Ventures

- Recent progress within customer development shows great potential and we believe big things are up ahead in this very exciting field. The investment will help the team to push further and reach the goals that has been set, says Christian Björkman, Investment Manager at Almi Invest.

ReVibe Energy was founded 2014 as a joint venture between the founding team, SAAB Ventures and Chalmers Ventures. The company has 4 employees and is based in Gothenburg, Sweden. For more information, please contact:

Viktor Börjesson, CEO ReVibe Energy AB
viktor.borjesson@revibeenergy.com
+46 (0) 739 31 05 12.

Thomas Thard, Investment Director Saab Ventures
thomas.thard@saabgroup.com
+ 46 (0) 708 92 37 37

Christian Björkman, Investment Manager Almi Invest
christian.bjorkman@almi.se
+46 (0) 763 36 45 12