3D LED Company Aledia Receives Investments from IKEA GreenTech and Valeo

Aledia, a developer and manufacturer of next-generation 3D LEDs based on its Gallium-Nitride-on-Silicon platform, announced today the closing of its Series B financing round and the execution of development and supply contracts with major LED buyers. 

The round, totalling up to EUR 28.4 million (approximately US $31 million), includes new investments from Valeo, one of the world’s largest automobile-equipment manufacturers and the world’s second-largest supplier of car lighting systems; IKEA GreenTech AB, the venture capital arm of IKEA; and the Ecotechnologies fund of Bpifrance, the French national industrial bank. Aledia’s existing international investors – Sofinnova Partners, Braemar Energy Ventures, Demeter Partners and CEAi/ATi – also participated in the round.

“This financing round, abundantly oversubscribed, and particularly the presence of two very large potential corporate customers, testifies to the interest that our cost-disruptive nanowire LED technology is generating in the customer base, as well as in the financial community,” said Giorgio Anania, CEO, chairman and co-founder of Aledia.

Aledia is developing a new generation of LEDs that are manufactured on large-diameter silicon wafers (200mm or 8-inch), promise to be significantly less expensive than traditional “2D” LEDs, and that allow for integration of electronics into the LED. The company is also working on next-generation displays.

“We are progressing with the development of the technology and this financing round will allow us to accelerate significantly the speed of development and the customer traction," said Anania. "In Valeo we have a major potential customer in the automotive LED market, generally viewed as the most profitable market segment. Simultaneously with the investment, we have signed a supply agreement with Valeo.”

"We are convinced that Aledia's 3D LED technology, together with Valeo's expertise in automobile lighting systems, has the potential to put on the market a technological breakthrough in innovative lighting systems, perfectly in line with Valeo Lighting System’s mission to provide performance and style, and contribute to the safety of road users," said Maurizio Martinelli, President of Valeo Visibility Business Group.

“This technology will be one important part in the IKEA Group strategy to supply high-quality, energy-saving lighting products to consumers worldwide," saidChristian Ehrenborg, Managing Director of IKEA GreenTech AB "The low-price opportunity for residential use has the potential of faster implementation of the LED technology, leading to savings for customers. The connectivity functions of Aledia’s technology also open up new interesting possibilities to make life at home more convenient and smarter.”

"Bpifrance congratulates Aledia for its success in this operation. It proposes a breakthrough technology in a growing market and positions itself as a major actor in the smart-lighting industry," said  Anne-Sophie Carrese, Investments Director at Bpifrance Investissement. "Aledia also benefits from its head start to create a French and European sector in LED, among which partnerships with prestigious industrialists such as IKEA and Valeo constitute the first stage."

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE

Innovative tunable white, mid-power LED enables luminaire manufacturers to improve colour tuning, shrink optics and fixture profiles, while enabling new design options. Nichia, the leader in and inventor of the high-brightness LED, announces i... READ MORE