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L.E.S.S. SA recognised for its environmental impact by the Technology Fund

The Federal Office for the Environment and the Technology Fund reward Swiss companies that offer innovative and cutting-edge products that work at reducing greenhouse gas emissions.

L.E.S.S. SA - also a member of Swiss Cleantech - is proud to have been distinguished and to actively contribute to the reduction of the energy consumption thanks to the unique nano active fibre technology it has developed. This versatile lighting technology offers state-of-the-art, safe, flexible and reliable products with a lower energy consumption that are more environmentally friendly than those currently on the market.

Concerned about the climate challenges that society has to face now and in the upcoming years and aware of its responsibility as a key player in the lighting industry, it is crucial for L.E.S.S. to put its technology and products not only at the service of its customers, but also to contribute to a viable and more responsible energy future.

Dr Yann Tissot, CEO : “The loan guaranteed by the Technology Fund will support and accompany our strong growth, particularly in the transformation of the automotive sector, and the high demands in terms of quality and volume that it entails.

About the Technology Fund

The Technology Fund offers loan guarantees to Swiss companies whose novel products contribute to a sustainable reduction in greenhouse gas emissions.

www.technologyfund.ch

For more information, feel free to contact us.

L.E.S.S. SA RAISES CHF 14 MILLIONS TO ACCELERATE THE INDUSTRIALIZATION OF THEIR PRODUCTS IN THE AUTOMOTIVE MARKET.

Renens, July, 3rd 2019: L.E.S.S. SA, a high tech company manufacturing a new generation of ultra-bright and ultra-thin lighting systems, announced today the closing of a CHF 14 million Series B financing round to accelerate the industrialization of their products in the automotive market. The round was led by new private and existing investors.

L.E.S.S. SA was founded in Switzerland in 2012 and has already won the most prestigious innovation and business awards in Switzerland and Europe. The new nano-active fiber technology developed by L.E.S.S. has proven itself as a disrupting alternative to the LED technology setting a new standard of lighting quality. Since its foundation, L.E.S.S SA has been successful delivering high quality inspection lighting systems. In 2017, the revolutionary potential of the nano-active fiber technology has been displayed for the first time on a demo car at the Geneva International Motor Show. Thanks to the versatility of its laser wire technology, L.E.S.S. is able to adapt to the increasing demands of car designers for thin, low weight and bright automotive lighting. The thinness, the flexibility and the three-dimensional lighting nature of L.E.S.S. laser wire technology allows for the creation of unprecedented car lighting signatures.

Dr. Yann Tissot, CEO: “Since 2017, we have been working tightly with different players of the car industry to reach the necessary milestones to enter the automotive market. This substantial financing round is closed at a perfect time. It will consolidate our current collaborations and strongly support the industrialization and the production ramp-up of our products for the automotive market.”

The round was led by new private investors from the automotive industry, existing private investors from the venturelab community and the venture capital firm VI partners. Dr. Yann Tissot, CEO: “The automotive market is in full transformation and I am convinced we will have a strong impact on the future cars design. However, the automotive market demands on a strict planning, validation and milestones. Therefore we are glad to have convinced key investors from this specific industry to support us on this path. In addition, benefiting from the continuous commitment of our early investors is a strong indicator of their trust in the long term strategy of the company.”

New branding logo LESS on wall

L.E.S.S. MOVING INTO NEW PREMISES TO SUPPORT GROWTH

In order to support its growth and to serve you better, L.E.S.S. moves into new premises in Renens. The change of adress is now fully effective .
L.E.S.S. settles down, in two phases, on a surface of more than 1000m2 with the aim of consolidating the immense success encountered by its standard products, providing for the needs necessary for the entry of the company on the automobile market and expanding its team.
L.E.S.S has chosen Renens, a dynamic town known for hosting many industrial companies and thanks the municipality warmly for hosting it on its territory. This move allows us to stay close to our Swiss and European customers, whether they are active in the precision industry or in the automotive industry.
L.E.S.S. would also like to thank its historic partners and look forward to entering this new phase of life with them as high-growth SMEs. We renew our goal of continuing the solid commercial relationships built with our existing customers and establishing long-term links with new partners.

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