Swedish startup Exeger loans €35M from EIB for Powerfoyle self-charging cells.

In a new round of funding, Swedish startup Exeger has secured a €35 million loan from the EIB (European Investment Bank) for its self-charging solar cells, known as Powerfoyle. The loan will be used to scale up production capacity at Exeger’s factory in Stockholm and help meet the growing demand for Powerfoyle. Exeger’s patented technology converts indoor and outdoor light into electricity, enabling electronic devices with low power consumption to be self-powered. The company aims to reduce electronic waste by eliminating the need for charging cables and single-use batteries. The loan from the EIB will contribute to Exeger’s efforts to create a more sustainable and energy-efficient industry.