Finally (company)
Open-knowledge reference entry
Lucidity Lights Inc., doing business as Finally, is an American company based in Boston, Massachusetts. Founded in 2012 by John Goscha, the company makes energy-efficient light bulbs that use induction technology and are being offered as a substitute for incandescents and LEDs. Company appears to be no longer in business.
History
The Finally Light Bulb Company was founded in 2012 by John Goscha, who as an undergraduate at Babson College, founded IdeaPaint. Goscha enlisted Victor Roberts, a former General Electric engineer, Walter Lapatovich from Osram Sylvania, and engineers from Philips for technical expertise in lighting technology. With Roberts and Lapatovich, Goscha was able to adapt induction lighting technology, previously only used in commercial light fixtures, and miniaturize it for home use. The light bulb was officially launched and began sales in May 2014, with $19 million in initial funding from several investors including Babson College professors. The company was founded in Woburn, Massachusetts, but later moved to Boston, Massachusetts. The company's business model is focused on the 2020 phase-out of incandescent light bulbs in the United States mandated by federal law.
In January 2017, the company received an additional $15 million in funding from investors.
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This entry incorporates text from “Finally (company)” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.