Lucidity Lights Inc.,

doing business as A trade name, trading name, or business name is a pseudonym used by companies that do not operate under their registered company name. The term for this type of alternative name is fictitious business name. Registering the fictitious name with ...

Finally, is an American company based in

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

Massachusetts Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode ...

. 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 A light-emitting diode (LED) is a semiconductor device that emits light when current flows through it. Electrons in the semiconductor recombine with electron holes, releasing energy in the form of photons. The color of the light (correspo ...

. 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 Babson College is a Private university, private business school in Wellesley, Massachusetts, United States specializing in entrepreneurship education. Founded in 1919 by Roger Babson, the college was established as the Babson Institute in his We ...

, founded IdeaPaint. Goscha enlisted Victor Roberts, a former

General Electric General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the year ...

engineer, Walter Lapatovich from

Osram Sylvania Osram Sylvania Inc. is the North American operation of lighting manufacturer Osram. It was established in January 1993, with the acquisition of GTE's Sylvania lighting division by Osram GmbH. In 2016, Osram spun off its general lighting business ...

, and engineers from

Philips Koninklijke Philips N.V. (), simply branded Philips, is a Dutch multinational health technology company that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarter ...

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,

, but later moved to

. The company's business model is focused on the 2020

phase-out of incandescent light bulbs Various governments have passed legislation to phase out manufacturing or importation of incandescent light bulbs for general lighting in favor of more energy- efficient alternatives. The regulations are generally based on efficiency, rather ...

in the United States mandated by federal law. In January 2017, the company received an additional $15 million in funding from investors. As of July 2017, the Finally reported a total of $38 million in funding and employed 32 employees. In August 2018, Scott Almquist became CEO and President, and Goscha became Chairman. Almquist previously led four private equity-backed companies as CEO, President, or Chief Customer Officer, having spent the first twenty years of his career at Procter & Gamble. At the time, Finally light bulbs were available at Staples,

Ace Hardware Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the largest non-grocery retail cooperative in the United States. Founded on October 25, 1924, as "Ace Stores", the co ...

Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...

Wayfair Wayfair Inc. is an American e-commerce company based in Boston, Boston, Massachusetts that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 gl ...

, and

Walmart Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other ...

's online store. In March 2018, a new round of funding of $50 million brought the company's total funding to $93 million. The company announced that its products were added to

The Home Depot The Home Depot, Inc., often referred to as Home Depot, is an American multinational corporation, multinational home improvement retail corporation that sells tools, construction products, appliances, and services, including fuel and transportat ...

and

Costco Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2021, Costco is the third-largest retailer in the world, and as of August 2024, Cos ...

stores, bringing the total number of stores where the products are available to almost 3,000.

Product

The company claims that Finally light bulbs create a light similar to incandescents and better than LED light bulbs. Based on technology developed by

Nikola Tesla Nikola Tesla (;"Tesla"
. ''Random House Webster's Unabridged Dictionary''. ; 10 July 1856 – 7 ...

, the bulb utilizes induction technology to create omnidirectional light in a traditionally-shaped light bulb. The tungsten filament in incandescent light bulbs is replaced by an

induction coil An induction coil or "spark coil" ( archaically known as an inductorium or Ruhmkorff coil after Heinrich Rühmkorff) is a type of transformer used to produce high-voltage pulses from a low-voltage direct current (DC) supply. p.98 To create the ...

. An electronic driver, and the three-inch antenna with a copper coil excite a mixture of argon gas and mercury vapor in the bulb to produce ultraviolet light which excites the

phosphor A phosphor is a substance that exhibits the phenomenon of luminescence; it emits light when exposed to some type of radiant energy. The term is used both for fluorescent or phosphorescent substances which glow on exposure to ultraviolet or ...

coating on the inside of the glass to create

visible light Light, visible light, or visible radiation is electromagnetic radiation that can be perceived by the human eye. Visible light spans the visible spectrum and is usually defined as having wavelengths in the range of 400–700 nanometres (nm ...

. They are "75 percent more efficient and last 15 times longer than incandescents." The current generation of LED lamps on the market have surpassed this by a substantial margin however and Finally is one of the few manufactures still marketing induction lamps.

References

External links

* {{Official website, http://finallybulbs.com/ - company appears to be no longer in business. 2012 establishments in Massachusetts American companies established in 2012 Charlestown, Boston Companies based in Boston Lighting brands Woburn, Massachusetts