Aluwave Raises SEK10M in Equity Funding
Published On March 31, 2011 |
Aluwave AB, a Mölndal, Sweden-based provider of customised LED-modules and systems that can include all necessary components such as LED-module, driver, optics and thermal solution, has raised SEK 10m in new capital.
Investors include Almi Invest Västsverige, K-Svets Ventures and Chalmers Innovation Seed Fund.
The company intends to use the funds for market expansion and investments in manufacturing equipment for prototypes and small to medium production volumes.
Founded in 2005 and led by CEO Jonas Stålhandske, Aluwave has developed a special knowledge to design and deliver customized LED modules, by combining the electronic components and software with the requirements from the lighting industry. It delivers its solutions to customers in the general, technical, vehicle and street lighting segments.