Sorainen has advised Koinvesticinis Fondas on its investment in Nanoenergija, a Lithuanian startup that has developed vibration energy harvesting technology to power wireless IoT sensors.
A total of EUR 180,000 was invested in the startup by Koinvesticinis Fondas and LitBan. According to Sorainen, “Nanoenergija already has 13 clients throughout the globe, including such companies as Siemens, Husqvarna, Singapore Telecom Singtel, and Belgian railways. The investment is said to be used for further research and development, as well as increasing sales and patenting of the technology.”
“There are many wireless sensors that measure the performance of a vibrating device,” said Donatas Ponamariovas, Founder and Manager of Nanoenergija. “All of these sensors are battery-powered, so it creates pollution. Our technology generates a sufficient amount of energy from vibrations only, so it can maintain the sensors and decrease process costs by 60%.”
Sorainen’s team included Partner Mantas Petkevicius, Senior Associate Vytautas Sabalys, and Associate Auguste Bucyte.
Sorainen did not reply to our inquiry on the matter.