What Exeger does

Exeger is a Swedish deep-tech company, founded in 2009 by Giovanni Fili and headquartered in Stockholm, that develops and manufactures Powerfoyle, a patented, dye-sensitized, flexible, silicon-free thin-film solar cell technology. Powerfoyle converts any form of light — indoor artificial light as well as outdoor sunlight — into electrical energy and is produced in fully custom sizes, shapes, textures, and graphic prints to integrate seamlessly into partner products. The technology is delivered in two platforms (Hybrid for indoor/outdoor environments such as headphones, trackers, and IoT devices; Indoor for remote controls, sensors, and electronic shelf labels) and is positioned to replace disposable batteries with maintenance-free, self-powered operation. Exeger operates two factories in Stockholm capable of producing up to 2.5 million square meters of Powerfoyle annually, and the technology is enabled by an integration stack that includes ultra-low-power ICs from EM Microelectronic (Swatch Group), ePaper displays from E Ink, and LTO batteries from Nichicon.

The company generates revenue primarily through B2B hardware sales and OEM/brand licensing arrangements with consumer electronics manufacturers, retailers, and industrial OEMs. Named commercial partners include Philips/TP Vision (A6219 self-charging headphones), Hama (solar-powered remotes), 3M (protective communications headset), Urbanista (Malibu speaker), Yecon (self-charging ePaper photo frame), Kapsch TrafficCom (Elumian light-powered tolling transponder), VusionGroup (EdgeSense digital shelf system), Agile Display Solutions (Forever Display), and Momax (self-powered locator), with new launches reported across Europe, China, and Japan. End-consumer ASPs for Powerfoyle-enabled devices cluster around €100–€130, and Exeger does not sell directly to consumers but leverages partner retail and e-commerce channels. As of 2025, Exeger remains pre-profitability, is actively raising equity and grant capital (including a €35M EIB loan, SEK 130M Swedish Energy Agency grant, and SEK 310M+ of equity raised in 2025), and has formally opened a Defence Tech business area following selection to the NATO DIANA Accelerator in December 2025.

Name

Exeger

Legal name

Exeger Sweden AB (publ)

Website

https://exeger.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Exeger is a Swedish deep-tech company that develops and manufactures Powerfoyle, a patented flexible, silicon-free thin-film solar cell that converts any light into electricity. It licenses the technology to OEMs across consumer electronics, retail IoT, transportation, and defence to enable self-powered products.

Ownership category

akta.pro rank

Product category

Flexible Thin-Film Solar Cells

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar Inverters, Power Optimizers & MLPE Manufacturing (EUAMAHAB), Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)

Keywords

• Thin-film solar cells
• Dye-sensitized photovoltaics
• Flexible solar technology
• Light energy harvesting
• Self-powered electronics

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Infrastructure, Personnel, Supply Chain, Operations

Revenue model

1. Powerfoyle Solar Cell Sales / Licensing: Exeger manufactures and sells its Powerfoyle solar cell technology to OEM and brand partners who integrate it into their products. Revenue is generated through the sale of solar cells and potentially associated components (such as boost converters, though this business was divested to EM Microelectronic in December 2024). Products are embedded into a wide range of consumer electronics, retail IoT devices, and industrial applications. The company is pre-profitability as of 2025, actively raising capital and implementing efficiency measures to support profitability.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Exeger manufactures and sells Powerfoyle, a patented flexible, silicon-free, dye-sensitized thin-film solar cell technology that converts all forms of light (indoor artificial light and outdoor natural light) into electrical energy. The company operates two factories in Stockholm with annual production capacity of up to 2.5 million square meters, selling the customizable solar cells to OEM partners and brand licensees such as Philips, Hama, Urbanista, 3M, VusionGroup, Yecon, and others who integrate the technology into consumer electronics, retail IoT, smart home, professional worker, and defence applications.

Product overview

Exeger offers Powerfoyle, a patented flexible, silicon-free thin-film solar cell technology that converts all forms of light into electrical energy. The company operates two factories in Stockholm with capacity to produce up to 2.5 million square meters of solar cells annually. Powerfoyle comes in two main platforms: Hybrid (for indoor/outdoor use in headphones, trackers, IoT devices) and Indoor (for remote controls, sensors, electronic shelf labels). The technology integrates into consumer electronics, retail, smart home, and professional worker applications, enabling self-powered devices with extended or unlimited battery life. Products include commercial partnerships with Philips headphones, Hama accessories, VusionGroup retail solutions, and Yecon ePaper displays, among others.

Differentiator

Problem solved

Functional benefit

Brands

• Powerfoyle: The world's only fully customizable solar cell technology that converts all forms of light into electrical energy. Used in consumer electronics, industrial sensors, and defense applications.

Products and services

• Powerfoyle Patented flexible, silicon-free thin-film solar cell technology that converts all forms of light (indoor and outdoor) into electrical energy. The world's only fully customizable solar cell, enabling self-powered electronic devices with extended or unlimited battery life.
• Powerfoyle Hybrid

Quantifiable outcome

• 80 hours of playing time on Philips A6219 headphones with self-charging via Powerfoyle
• +4 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

23 partnerships are on record, tiered core.

• Meiyin AcousticscoreOEM/ Whitelabel/ Licensing Partner · 4 November 2025Partnership with Nanjing Meiyin Acoustics Technology Co., Ltd., a leading manufacturer of advanced hearing protection, to develop a proof-of-concept hearing protector powered by Powerfoyle. The device is designed for the hunting/shooting segment and will be showcased at A+A 2025, with further development planned for the industrial segment.
• YeconcoreOEM/ Whitelabel/ Licensing Partner · 4 September 2025Exeger and Yecon (a leading global provider of intelligent electronics headquartered in Shenzhen, China, with over 1,500 employees) unveiled the world's first self-charging 10-inch ePaper photo frame at IFA Berlin 2025, featuring E Ink Spectra 10 color display technology powered by Powerfoyle.
• HamacoreOEM/ Whitelabel/ Licensing Partner · 3 September 2025German consumer electronics specialist Hama and Exeger launched jointly developed solar-powered accessories, including the world's first universal solar-powered 8-in-1 remote control and Samsung-compatible smart remote, available in stores across Europe from September 2025. Hama has a strong retail presence with 1,500 employees in Germany and 2,500 worldwide.
• Agile Display SolutionscoreStrategic or Co-development Partner · 30 January 2025Agile Display Solutions developed the EPD32-FD Forever Display, the world's first full-color digital display requiring no cables, no external power, and no maintenance, powered by E Ink Spectra 6 ePaper and Exeger's Powerfoyle solar cells. The product was showcased at ISE 2025 in Barcelona, with units shipping from Q2 2025.
• LeedarsoncoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to develop a light-powered door/window sensor for smart home applications, unveiled at CES 2025. This supports Exeger's smart home strategy and expands the application of Powerfoyle into the connected home market.
• CosoniccoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to launch a solar-powered smart helmet for two-wheel riders in China, announced at CES 2025. Integrates Powerfoyle technology into the helmet for self-charging capabilities.
• Merry ElectronicscoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to showcase self-charging headphones with Powerfoyle solar technology at CES 2025. Merry Electronics is a Taiwan-based manufacturer of acoustic components and audio products.
• MinamicoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to unveil a proof-of-concept for self-charging headphones at CES 2025, showcasing Powerfoyle integration in the audio/hearing protection segment.
• SMKcoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to develop a Powerfoyle-powered air conditioner remote that eliminates the need for battery replacements. Announced at CES 2025.
• Omni RemotescoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Omni Remotes showcased sustainable remote controls with Powerfoyle solar cells at IBC2024 in Amsterdam. The remotes combine premium aesthetics with solar charging technology, reducing the use and disposal of alkaline batteries.
• MomaxcoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Momax and Exeger unveiled a revolutionary self-powered locator in January 2026, leveraging Powerfoyle for battery-free location tracking.
• VOXX International CorporationcoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Partnership to apply Powerfoyle technology to RCA-branded hearing aid accessories, announced at CES 2024.
• TymphanycoreOEM/ Whitelabel/ Licensing Partner · 7 January 2025Tymphany and Exeger unveiled a groundbreaking self-powered speaker concept at CES 2024.
• EM MicroelectroniccoreTechnology or Integration · 19 December 2024Exeger divested its boost converter business to EM Microelectronic, a Swiss company and fully-owned subsidiary of the Swatch Group, specializing in ultra low-power integrated circuits. EM will now directly sell the boost IC components and support their integration into Powerfoyle-powered devices, unlocking the full potential of solar-powered applications. EM Microelectronic had previously collaborated with Exeger on the boost IC development.
• NichiconcoreTechnology or Integration · 12 November 2024Nichicon provides LTO (lithium-titanate) battery technology used in conjunction with Powerfoyle in Kapsch TrafficCom's Elumian light-powered tolling transponder. At Electronica 2024, Nichicon showcased this application at their booth.
• EM MicroelectroniccoreTechnology or Integration · 12 November 2024EM Microelectronic develops and manufactures ultra low-power integrated circuits for Powerfoyle applications. Following the divestment of Exeger's boost converter business to EM in December 2024, EM now directly develops and sells boost IC components for Powerfoyle-powered devices. EM is a Swiss company and subsidiary of Swatch Group.
• Kapsch TrafficComcoreOEM/ Whitelabel/ Licensing Partner · 16 September 2024Partnership to develop Elumian, the world's first light-powered tolling transponder. Powerfoyle solar cells combined with Nichicon's LTO (lithium-titanate) battery enable prolonged product lifetime, reducing battery replacements in intelligent transportation systems. Presented at ITS World Congress 2024 in Dubai.
• VusionGroupcoreStrategic or Co-development PartnerJoint development of EdgeSense digital shelf system with integrated Powerfoyle light-harvesting technology. The light-harvesting version of EdgeSense was deployed in 7-Eleven Japan stores at World Expo 2025 in Osaka, marking the world's first installation of this technology. Exeger and VusionGroup co-authored a whitepaper on light harvesting technologies for retail digitalization.
• Philips (TP Vision)coreOEM/ Whitelabel/ Licensing PartnerPhilips (TP Vision) integrates Powerfoyle into consumer electronics including the A6219 on-ear sports headphones (with 80 hours playing time, available November 2024) and TV remote controls. Products are sold globally through consumer electronics retail channels.
• 3McoreOEM/ Whitelabel/ Licensing Partner3M developed the world's first self-charging protective communications headset powered by Powerfoyle, unveiled at CES 2024. The collaboration extends into professional and industrial hearing protection markets.
• UrbanistacoreOEM/ Whitelabel/ Licensing PartnerUrbanista launched the Malibu portable speaker with Powerfoyle solar charging technology at CES 2024. The speaker integrates Powerfoyle for outdoor and indoor light charging.
• E InkcoreTechnology or IntegrationE Ink provides ePaper display technology (Spectra 6 and Kaleido 3 Outdoor) used in conjunction with Powerfoyle for self-powered digital signage products such as Agile Display Solutions' Forever Display and Yecon's ePaper photo frame. E Ink's displays consume up to 120 times less power than LCD/LED.
• 3McoreStrategic or Co-development Partner3M and Exeger collaborated on a joint presentation at CES 2025 titled 'Uncomplicating Charging Electronics' at the 3M booth, featuring Nicklas Jonsson (Chief Product Officer at Exeger) and Jason Lunn (Application Engineer at 3M), demonstrating the integration of Powerfoyle with 3M materials and technologies.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Heliatek: German company (Dresden) developing and producing flexible organic photovoltaic (OPV) films for building integration and consumer applications. Highly comparable to Exeger as a European flexible thin-film solar cell manufacturer serving similar end-markets with a B2B licensing/OEM model.
• Epishine: Swedish organic indoor photovoltaic cell developer (Linköping) targeting IoT sensors, remote controls and consumer electronics — the exact same application niche as Powerfoyle Indoor. Closest geographic and use-case peer to Exeger.
• Saule Technologies: Polish company developing inkjet-printed perovskite solar cells for IoT, BIPV and consumer products. Comparable as a European thin-film PV startup pursuing a similar B2B integration model and end-applications to Exeger, albeit on perovskite rather than DSSC chemistry.
• Oxford PV: UK-headquartered perovskite solar cell manufacturer with German production, targeting rooftop and utility-scale applications. Comparable as a European thin-film PV technology company pursuing scale commercialization of a non-silicon cell architecture.
• ARMOR solar power films: French subsidiary of the ARMOR group manufacturing flexible organic photovoltaic (OPV) films for building-integrated and consumer applications. Highly comparable to Powerfoyle in flexible thin-film cell technology and OEM distribution approach.
• Sunew: Brazilian company developing flexible organic photovoltaic films for building integration and consumer electronics. Comparable as a flexible thin-film solar cell producer using organic chemistry with a B2B/OEM commercialization model similar to Exeger.
• Dracula Technologies: French company developing organic photovoltaic cells ("LAYER" technology) specifically for IoT and low-power connected electronics. Directly comparable to Powerfoyle Indoor in targeting battery-less sensors and consumer electronics via printed OPV.

Broad incumbents

• Ricoh: Japanese multinational that pioneered dye-sensitized solar cell (DSSC) technology and has marketed DSSC products. Comparable as a DSSC technology holder, though Ricoh's broader imaging/services portfolio means Powerfoyle is not its core focus.
• Fujikura: Japanese diversified electronics company that has developed and commercialized dye-sensitized solar cells. Comparable as a DSSC technology developer, though solar cells sit within a much larger wire/cable and electronics portfolio rather than being the core business.

Emerging players

• SolarWindow Technologies: US-based developer of transparent photovoltaic coatings for windows and glass surfaces. Adjacent thin-film technology targeting a different (building-integrated) application than Exeger's consumer electronics focus, but relevant as a competing flexible thin-film PV company.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/exeger-sweden-ab

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds12 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Exeger