LED iBond secured funding for millions

Firstl 1st Mile found funding from the EDDP program for LED iBond.

Now The Danish Growth Fund invested tens of millions in venture for LED iBond's international rollout.

"With the investment from the Danish Growth Fund we have the forces required for us to realize our international roll-out plan. We will initially focus on sales and marketing in order to establish ourselves in the market through a combination of our own sales personnel and retail partners, "says Rolf Sprunk-Jansen, CEO of LED iBond.

1st Mile wrote the application for EUDP with LED iBond and the 3 partners. The funding secured LED iBond's project for further development of their patented technology. The technology is based on a combination of two existing technologies that form a new and innovative LED solution with a much higher level of aesthetics and exceptionally higher energy efficiency.

LED iBond combines standard LEDs with a composite sheet consisting of two layers of the aluminum surrounding a layer of electrically insulating plastic (PE). The LEDs and the composite sheet are combined via a mechanical connector that brings a varied number of advantages, such as optimized energy efficiency, reduce CO2 emissions and significantly higher service life of LED light.

1st Miles Olaf Broby Nielsen assists LED iBonds Project Manager and is responsible for reporting to EUDP according to their guidelines and rules.