Samotics Secures €20M Investment From EIB to Enhance Industrial Efficiency

Leiden-based Samotics, a company specializing in electrical data analytics, has announced a €20 million financing agreement with the European Investment Bank (EIB). The funding, provided under the InvestEU initiative of the European Commission, aims to support the company’s research and development efforts to enhance reliability and energy efficiency in industrial electric motors.

The financial backing aligns with the EIB’s broader objective to accelerate innovation and digitalization in Industry 4.0 technologies, including artificial intelligence and microchips. These advancements are viewed as essential to Europe’s green and digital transitions, as well as its technological and strategic autonomy. According to EIB Vice President Robert de Groot, “This is one of those applications where the use of artificial intelligence can make a difference. It highlights that modern challenges require modern solutions, and this intelligent way of pre-empting problems and optimizing energy efficiency is an important element in our decarbonization journey.”

Revolutionizing Energy Efficiency Through Electrical Signature Analysis

Founded in 2015 by Simon Jagers and Gerben Gooijers, Samotics has developed a cutting-edge solution based on Electrical Signature Analysis (ESA). The technology utilizes subtle changes in an electric motor’s operational characteristics to predict potential failures before they occur. These changes affect the motor’s magnetic field, supply voltage, and operating current, offering valuable insights into the entire powertrain system, including the motor, transmission, and load.

The company’s innovative monitoring system can identify inefficiencies and anticipate malfunctions, providing actionable recommendations powered by artificial intelligence. A significant advantage of the system is its ability to be installed directly in an electric cabinet, eliminating the need to access the often-inaccessible motors themselves. This approach ensures that critical infrastructure motors, where unplanned downtime is costly and unacceptable, remain operational and energy-efficient.

In addition to preventing failures, Samotics’ technology addresses energy waste, enabling industrial firms to reduce their operational costs. By combining predictive maintenance with energy optimization, the company offers a comprehensive solution to meet the growing demands of modern industrial operations.

Commenting on the funding, Samotics CEO Jasper Hoogeweegen stated, “This funding from the EIB highlights the trust placed in our technology and its potential to revolutionize industrial reliability and sustainability. It’s a defining moment for Samotics as we further accelerate our growth and innovation journey.”

The investment is expected to bolster Samotics’ position in the industrial sector and contribute to Europe’s ambitions for a sustainable and technologically advanced future. Through its focus on reliability and efficiency, the company continues to play a key role in transforming industrial operations globally.