Isra-Mart srl : Nujira raises £10m to cut smartphone power use

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Isra-Mart news:

Investors have injected £10m into a clean-tech firm promising to cut the power consumption of smartphone transmitters by between 30 per cent and 50 per cent.

Climate Change Capital's private equity arm announced today it has invested £6m in the funding round for Cambridge-based Nujira, with existing backers Amadeus, NES Partners, Environmental Technologies Fund (ETF) and private investors providing the rest.

Nujira produces energy-efficient radio frequency (RF) transmitters for mobile phones, wireless infrastructure and digital broadcast applications across the US, Asia and Europe, said Climate Change Capital Private Equity LP (CPE) in a statement.

The company's Coolteq energy efficiency amplifiers do not just cut the energy use of smartphone transmitters – they also make the devices smaller and cheaper, added CPE.

Nujira plans to use the money to expand its operations and progress towards its goal of installing its technology into 800m 3G and 4G devices by 2016.

"This funding round gives us the resources we need to build on our success and make Coolteq the power optimisation technology of choice in smartphones and other data-oriented devices," said Nujira chief executive Tim Haynes.

James Hook, director at CPE, said the company had decided to back Nujira based on its technology's "compelling business case, coupled with very attractive environmental attributes".

"Nujira represents exactly the kind of high-growth clean-tech investment opportunity that we specialise in supporting," added Hook.