NextGO Epi Secures €2M to Advance Gallium Oxide Semiconductors

NextGO Epi, a European company based in Germany, received €2 million in a pre-seed funding round to develop Gallium Oxide semiconductors. The investment, led by Vireo Ventures, will support product development and expand commercial operations. NextGO Epi currently stands as the sole European producer of industrial-quality 4-inch Gallium Oxide epitaxial wafers, a crucial component for next-generation power semiconductors.

Gallium Oxide offers improvements over Silicon Carbide and Gallium Nitride, withstanding higher voltages and boasting greater efficiency. The company claims its material could reduce electric vehicle charging times from 60 to 10 minutes and lower manufacturing costs by up to 75%.

The funding arrives alongside the European Commission’s Chips Act 2.0, signaling support for domestic semiconductor production. NextGO Epi is already generating revenue and serving customers globally, with applications extending beyond EVs to renewable energy, data centers, and defense.