Element 4 (Accelerator)

Company Description: Existing Internet-of-Things (IoT) sensor solutions are expensive and not adaptable. Furthermore, products currently available to industry are reliant on rechargeable batteries which require periodic replacements and have detrimental environmental repercussions. Element 4 has developed a proprietary battery-free and energy-independent IoT sensor. E4 is a ‘core’ component, capable of operating on its own with a core set of sensors, as well as with the assistance of ‘sub-modules’ to function like an app store for sensors. E4 powers itself using four core sources of natural energy based on the environment it inhabits. This, in turn, creates a battery free environment which eliminates lithium’s shortcomings in lifespan, temperature degradation, and environmental impact concerns. The modularity of E4 allows for a network of data sensing capabilities with custom sensors. Additional products are being developed for specific use cases including remote patient monitoring, agriculture, oil and gas, and transportation. The E4 core leverages machine learning to make decisions on the edge without requiring a continuous cloud connection. The company has a revenue model focused on three primary sources of income: hardware sales, SaaS, and partner accessories.