At the beginning of 2021, a first funding round is successfully concluded and LEDCity is able to drive forward its expansion at home and abroad with two million Swiss francs in fresh capital.
In spring, the team grows to more than 20 employees for the first time.
The concept and the development of a first prototype will be developed as part of Patrik Deuss’ Bachelor thesis at the Zurich University of Applied Sciences. Later that year, Florian Gärtner joined the team and helped develop the first LEDCity tube.
LEDCity AG is founded, entered in the commercial register and the Board of Directors is elected. The Swiss Federal Office of Energy (SFOE) is supporting LEDCity in its first pilot project in Zurich, which is being implemented in cooperation with ewz.
We can realize first projects for customers like ETH, SBB, VBZ, ISS, University of Zurich, LAAX, ewz, Zurich Airport, The Dolder Grand, Amag and many more. The Swiss television SRF becomes aware of us and broadcasts a 3-minute report about LEDCity in the program 10vor10.
Since the foundation of LEDCity, the amount of electricity generated by 3000 average Swiss households has been saved in the projects implemented. For the first time, the company achieves an annual turnover of over one million Swiss francs.
National and international expansion is on the agenda: Since December 2019, a sales team for French-speaking Switzerland has been established and feelers are also being put out to Germany. Through impact investment, the expansion should be possible and the team should grow to around 25 full-time positions.
As a result of our activities, electricity consumption for lighting is expected to decrease by 80% worldwide compared to the effective consumption in this area in our founding year. This goal is to be achieved at the latest 20 years after our foundation: in 2037.