Spending power
TheGrid Corporate Spending Power index would rate purchasing capacity from registry, scale and activity signals.
Spending power
Key facts
Counted staff
Not recorded
Founded
2019
7 years
Legal entities
None matched
Office countries
1
1 address
Funding rounds
7
Non equity assistance · Jun 2023
Company type
Public Company
self-reported
Description
PowerON uses unique dielectric elastomer switch technology to produce customisable, soft and flexible switches, actuators and logic.
Around us sophisticated devices abound – and almost all are complex assemblies of rigid parts. The biological world, resulting from billions of years of evolution, is markedly different, being comprised of soft, flexible, structures, often around a rigid core. Dielectric Elastomers (DEs) begin to bridge the gap between engineered and biological domains.
DEs change dimensions when voltage is applied, leading to the term “artificial muscles”. This offers the tantalizing prospect of substituting complex, heavy, electromagnetic equipment with single-component DE devices.
Since DEs debuted in the 1990s elastomer materials and manufacturing processes have improved and working voltages have decreased. PowerOn’s proprietary Dielectric Elastomer Switch (DES) simplifies the controls for complex DE devices capable of motion with basic intelligence.
All PowerOn’s core components, and associated manufacturing processes, are through proof-of-concept and will soon be sampled to qualified customers. Manufacturing draws on commercial methods for contact and material inkjet printing. A specialized signal generator is also being offered to simplify customer validation of DE devices.
PowerON’s core components are saleable individually, offering competitive advantages – especially size, weight and resistance to tough environmental conditions – compared to standard electromechanical and semiconductor devices. Early sales are being targeted for profitable revenues and market feedback on preferred configurations and ratings.
Locations
Country footprint
Show as table · Offices in 1 country
| Countries | 1 |
|---|---|
| Primary country | NZ |
All codes: NZ
Addresses
- NZ70 Symonds St; Cloud9; Auckland, 1010Primary
Grid intelligence Members
Funding
Last round · 8 June 2023Amount not recordedNon equity assistance
Rounds7
Round typeNon equity assistance · non-equity funding
Amount (USD)not recorded
Stage rank1
Investors named0
Since last round2 yr 7 mo
Funding
Show as table · 7 funding rounds
| Rounds | 7 |
|---|---|
| Axis | 2019 to 2026 |
| Non equity assistance · 8 Jun 2023 | not disclosed |
Dated rounds only. The axis ends at the date this profile was last observed, not at today.
Signals & hiring
Hiring, headcount and registry-change signals, streamed to members.
Latest signal
Hiring activity
Headcount trend
Financials
Registry-filed capital and financial indicators, standardised by TheGrid.
Paid-up capital
Fiscal period
Registered charges
Revenue
Profit / loss
FAQ
Where does PowerON - Smart Elastic have offices?
One address on record, New Zealand only. Primary: 70 Symonds St, Cloud9, Auckland 1010.
Has PowerON - Smart Elastic raised funding?
Seven rounds. Latest 8 June 2023: non equity assistance, no amount recorded.
Which companies are listed alongside PowerON - Smart Elastic?
Five peer profiles on record: Quantum Control Laboratory and Resonant Technology Consulting Ltd.