Nujira secures £10million to cut power use in smartphones
Cambridge based clean technology firm Nujira has secured a further £10million in funding to cut the power consumption of smartphone transmitters by between 30 and 50%.
The investment round has been led by Climate Change Capital Private Equity (CPE) and supported by existing investors Amadeus, NES Partners, Environmental Technologies Fund and the angel investors. The funds will be invested in a project to install Nujira's Coolteq wideband Envelope Tracking technology into 800million energy efficient 3G and 4G devices by 2016.
Tim Haynes (pictured), Nujira's ceo, said: "This funding will allow the expansion of Nujira's handset engineering team to support product development and engagements with leading vendors in the global handset market. It is good to see both new and current investors supporting Nujira's vision through to profitability and we look forward to welcoming CPE into the company and board."
