Faurecia Ventures, the investment body of the automotive supplier Faurecia SA, has acquired an undisclosed stake in the Finnish supplier of injection-molded structural electronics (IMSE) TactoTek.
With Faurecia’s investment in December 2016, TactoTek’s funding has grown to over $20 million, said officials for Oulu, Finland-based TactoTek in a Feb. 21 news release.
The company specializes in encapsulating flexible film electronics within plastics, creating a functional surface, which makes it a player in future developments for the auto industry as well as home appliances.
“It [Faurecia’s investment] is an opportunity to re-think and revolutionize how and where electronic functions are deployed in vehicles, and the forms that they take,” said Jussi Harvela, CEO of TactoTek.
“We are very enthusiastic about our relationship with Faurecia and the shared vision of market transformation on which it is founded,” he added.
“TactoTek’s innovative process perfectly fits in our ‘smart life on board’ strategy to integrate breakthrough HMI technology solutions,” said Eric de La Gironnière, president of Faurecia Ventures.
The investment, he added, will be important for “the cockpit of the future and will create a new on-board connectivity experience.”
TactoTek partners with OEMs and their suppliers to implement their IMSE designs, and readies those parts for mass production.