Israel’s Sol Chip, which will offer patented embedded solar battery technology, has raised $1 million from investors. Those taking part in the recent investment were Israel Electric Company and private U.S. investors, news reports said. Earlier, Sol Chip raised more than $1 million from Israel’s Office of the Chief Scientist and Trendlines International Ltd.
The company provides renewable battery power technology by employing photovoltaic energy (PV) integrated with low power electronic devices (VLSI). This new technology could be used for security systems, water systems, gas sensors, and RFID chips, according to a report from The Times of Israel.
“Farms, businesses, and homes will benefit from this technology,” Shani Keysar, CEO of Sol Chip, said in a statement quoted by the news organization. “Battery replacement is a major hassle in many industries, from agriculture to manufacturing to health. Our technology ensures that farmers, businesses, and medical personnel have one less thing to worry about... Read More
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