EnOcean

EnOcean

Manufactures and markets wireless sensor solutions for use in buildings and industrial installations.

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Late VC
Total Funding000k

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues0000000000000000000000000000
% growth--(41 %)84 %5931 %24 %(11 %)
EBITDA0000000000000000000000000000
% EBITDA margin-289 %668 %102 %1 %--
Profit0000000000000000000000000000
% profit margin-275 %601 %70 %-1 %(13 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue-1373 %1518 %1049 %16 %--

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EnOcean GmbH operates as a developer of patented, self-powered wireless technology, originating as a venture-funded spin-off from Siemens AG in 2001. The company, co-founded by Frank Schmidt and Armin Anders, is headquartered in Oberhaching, near Munich. Armin Anders, who holds a degree in electrical engineering, previously worked at Siemens AG in roles including Marketing Manager and Project Manager for Corporate Technology before becoming a Venture Manager responsible for startups. This background directly relates to his role in co-founding EnOcean and developing its business plan.

The core of EnOcean's business is its energy harvesting technology, which enables wireless sensors and switches to function without batteries or wired power. These devices harness energy from their immediate surroundings, such as motion from a switch press, indoor light via miniaturized solar cells, or temperature differences through thermoelectric converters. This eliminates the need for maintenance to replace batteries, a key selling point for its clients. The technology platform includes miniaturized energy converters, ultra-low-power electronics, and robust radio communication. The firm's wireless standard was ratified as the international standard ISO/IEC 14543-3-10 in 2012.

EnOcean's business model is centered on being a technology supplier, providing its energy-harvesting wireless modules—including transmitters, receivers, and energy converters—to original equipment manufacturers (OEMs). These partners, numbering over 500, integrate EnOcean's technology into their own products. The company serves clients across various sectors, primarily in building automation, but also in smart homes, LED lighting control, and industrial applications. Its solutions are used to control lighting, heating, and cooling, with the goal of optimizing the CO2 footprint of buildings. The company generates revenue by selling its modules, components, and finished products through a global network of distribution partners. To promote interoperability, EnOcean was instrumental in creating the EnOcean Alliance in 2008, a non-profit consortium of now nearly 400 companies that standardizes communication protocols, ensuring that devices from different manufacturers can work together seamlessly.

Keywords: energy harvesting, wireless sensors, IoT, building automation, smart buildings, maintenance-free sensors, batteryless technology, Siemens spin-off, ISO/IEC 14543-3-10, sensor-to-cloud, smart home, industrial IoT, wireless switches, OEM technology supplier, EnOcean Alliance, self-powered sensors, green buildings, CO2 reduction, lighting control, HVAC control

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Investments by EnOcean

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Undagrid
ACQUISITION by EnOcean Jan 2025