Nujira raises $12 million
CleanTech world leader – Nujura in Cambridge UK – has raised a further $12 million to ramp up production of a key technology.
The new funding brings in an additional investor, Switzerland-based SAM Private Equity. Existing investors Amadeus Capital Partners, Climate Change Capital, Environmental Technologies Fund, NES Partners and angel investors have also backed the round.
The cash will support the ramp to volume production of Nujira's innovative Coolteq.L chip that significantly reduces the power consumption of the RF subsystem in mobile handsets.
Nujira CEO Tim Haynes said: “As the world leader in Envelope Tracking technology, Nujira remains in an extremely strong market position, and we continue to lead the way both commercially and technologically.
“ET is fast becoming a mandatory requirement for smartphones, driven by the poor battery life of existing 4G handsets, and the need to support multiple LTE frequency bands for global adoption.
“We have been at the forefront of this technological shift, pioneering the development of ET over the last 10 years. This latest investment not only allows us to continue that development work, but also reinforces the growing value of our extensive ET patent portfolio.”
Nujira announced the first commercial IC in its Coolteq.L product family of ET power supply modulators for mobile handsets in February at Mobile World Congress.
The NCT-L1100 reduces wasted energy from power amplifiers (PAs) in mobile handsets by more than 50 per cent, cutting heat dissipation and extending battery life.In April, Nujira also announced the filing of its 150th patent relating to ET, emphasizing its dominant position in the ET intellectual property landscape.
Nujira’s patents cover not only the core technical breakthroughs that underpin Nujira’s Coolteq® ET modulator ICs, but also wider system elements.Keimpe Keuning, investment director at Zurich-based SAM Private Equity said: “Joining Nujira’s existing cleantech and technology investors at this pivotal time in the market adoption of Envelope Tracking is an exciting opportunity.
“With all major smartphone vendors poised to adopt ET in the next few years, Nujira’s world-leading technology and dominant patent position marks them out as the key player in this segment.”
Nujira is currently engaged with 16 major smartphone chipset suppliers to embed its ET technology into their reference platforms and expects its Coolteq.L technology to be designed into 4G smartphones in 2013.