The deeptech start-up MOÏZ has closed a €3 million funding round to accelerate the market launch of its battery-free data acquisition modules self-powered using the wasted heat from industrial infrastructures and processes.
This fundraising round was led by Grenoble Angels, which brought together SAMBA and RVA (two associations of the Auvergne-Rhône-Alpes Business Angels network) and by the business angels network BADGE, along with the regional institutional fund Crédit Agricole Alpes Développement(C2AD) and the industrial group Rio Tinto.
This seed financing includes €1.1 million in equity, completed by leverage from the banks Bpifrance, CERA, BPAURA, and BNP, and a deeptech development support program from Bpifrance.
BECOMING AN INTERNATIONAL LEADER IN INDUSTRIAL IOT
With this funding, MOÏZ reaches a decisive milestone: accelerating the industrialization of its first products, supporting their market deployment, including internationally, and preparing the next generation through new research and development programs. Rio Tinto Ventures’ investment strengthens a customer relationship established in 2021 and confirms the relevance of MOÏZ’s solutions in addressing industrial IoT energy supply challenges.
TOWARDS BATTERY-FREE AND WIRELESS INDUSTRIAL MONITORING
Founded in 2020 after a period of maturation and incubation at SATT Linksium, the Néel Institute (CNRS) spin-off, MOÏZ, develops innovative thermal energy harvesting technology. The start-up’s products use the wasted heat from industrial processes and infrastructures to autonomously power -i.e. without batteries or wires- industrial sensors, providing essential data for digitalization and decarbonization of industrial sites.
By eliminating batteries and wiring, MOÏZ addresses two major challenges: environmental, by avoiding the use and replacement of millions of polluting batteries, and economic, by drastically lowering installation and maintenance costs for customers. This innovation paves the way for reliable, sustainable, and cost-effective data acquisition in the most demanding industrial environments.
STRENGTHENING THE GRENOBLE R&D HUB
The funds raised will also allow MOÏZ to expand its R&D teams, working closely with the Néel Institute and other academic laboratories to develop new thermal energy harvesting technologies that can be integrated on silicon wafers. MOÏZ plans to recruit around ten new employees over the next twelve months.
About Moïz | https://moiz-eh.com/
Founded in 2020 in Grenoble, MOÏZ, a deeptech start-up, takes profit of 20 years of scientific research to offer innovative solutions for industrial IoT. Emerging from research at the Néel Institute (CNRS) and supported during its maturation and incubation by SATT Linksium, MOÏZ develops self-powered, wireless sensors capable of harvesting wasted heat from industrial infrastructures and processes. This innovative technology powers sensors entirely autonomously, without batteries or wires, providing a reliable, sustainable, and cost-effective solution for the digitalization and decarbonization of industrial sites. To date, nearly 300 demonstrators are operational with multiple industrial partners in France and internationally, where the startup achieved 25% of its 2024 revenue. The initial target sectors include heavy industry as well as rail and electrical transport networks. While ensuring the commercialization and on-the-ground deployment of its first products, the start-up MOÏZ is dedicating significant R&D efforts, in close collaboration with numerous academic laboratories, to continue improving its technologies and to prepare the next generation of sensors.