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UK Startup Warwick Acoustics Raises £7 Million to Revolutionize In-Car Audio Systems
Warwick Acoustics, a UK-based startup, has successfully raised £7 million to revolutionize in-car audio systems by leveraging its proprietary Electrostatic Loudspeaker technology. The funding round, spearheaded by Mercia Ventures and backed by NFU Mutual and several private investors, will enable the company to expand its manufacturing capacity and establish a state-of-the-art production facility.
The company's groundbreaking technology offers a sustainable alternative to traditional loudspeakers, with significant improvements in sound quality and energy efficiency. Founded by David Hutchins and Duncan Billson as a spin-out from Warwick University's engineering department, Warwick Acoustics aims to disrupt the automotive industry with its innovative audio solutions.
Warwick Acoustics' Electrostatic Loudspeaker technology outperforms conventional speakers in terms of sound quality while offering a smaller form factor, providing greater flexibility in cabin layout design. Moreover, the technology contributes to the extended battery life and range of electric vehicles, thanks to its lightweight and power-efficient design.
Unlike traditional loudspeakers, Warwick Acoustics' electrostatic speakers are made from easily recyclable materials and do not require rare earth metals, making them highly sustainable. The company's commitment to environmental responsibility aligns with the growing demand for eco-friendly automotive solutions.
The recent funding round follows Warwick Acoustics' milestone achievement of signing its first production contract with a major international luxury car manufacturer. Dr. Mike Grant, CEO of Warwick Acoustics, expressed optimism about the company's future prospects, highlighting the completion of the first commercialization phase for the automotive market.