[Funding alert] UK-based Warwick Acoustics Secures £7Million in Funding
Apr 3, 2024 | By Startup Rise EU
- Warwick Acoustics An audio technology company secures £7million in funding.
- According to Warwick Acoustics, the funds will allow the business to expand production and invest in a brand-new, cutting-edge building.
Warwick Acoustics, a developer of in-car electrostatic speakers secures £7million in funding With support from NFU Mutual and other individual investors, Mercia Ventures led the round.
The corporation plans to increase manufacturing capacity and invest the money in a brand-new, cutting-edge manufacturing facility.
Under the direction of CEO Dr Mike Grant, Warwick Acoustics creates electrostatic speakers that have superior sound quality than traditional speakers and provide designers more freedom when it comes to how the cabin is laid out.
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In contrast to conventional loudspeakers, the devices are made from easily recyclable and upcycled materials and do not require the use of rare earth metals.
The company, which originated as a spin-out from Warwick University's engineering department, has already made use of its technology to introduce a line of high-end headphones that retail for up to £50,000 and have won over 30 industry awards.
About Warwick Acoustics
Warwick Acoustics, a uk based startup is unwavering: to provide exceptional listening experiences. The music that moves you is given new life by their innovative audio systems. They provide an immersive, personal, exhilarating, and authentic listening experience through their world-first in-car electrostatic systems and their multi-award-winning Sonoma M1 or APERIO Headphone Systems.
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