Scottish LED company Design LED, which specialises in flexible LED light sheets with embedded optics, has won the backing of retail giant Ikea.
The retailer’s venture capital arm, Ikea GreenTech, announced yesterday that it had made an investment in Design LED, to help the company ‘expand its business and to increase its offer of products that can be used in lighting designs for the home’.
Design LED’s technology, which was highly commended at last year’s Lux Awards, has the potential to be built into home furnishings, or used for displays or under-shelf lighting.
Christian Ehrenborg, managing director of Ikea GreenTech, said: ‘This technology opens up fantastic possibilities for innovative designs using energy efficient LEDs,’ said ‘The partnership is a clear strategic fit for Ikea and our goal to make living sustainably affordable and attractive for millions of people.’
The retail giant – which is aiming to switch its entire lighting range to LED by September next year, said the investment will contribute to its sustainability goal of helping its customers save energy at home.
Stuart Bain, CEO of Design LED, said: ‘This strategic investment allows Design LED to significantly accelerate plans to deliver highly differentiated products to an international market desperate to conserve energy, and hungry for exciting new form factors in LED lighting.’