CelLink, a San Carlos, CA-based automotive electronics technology company, closed a $250M Series D round of financing.
The round was led by new investor Whale Rock Capital and further includes new investors D1 Capital Partners, funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management & Research Company LLC, Park West, Standard Investments, and Atreides, as well as participation from existing investors 3M Ventures, BMW iVentures, Fontinalis Partners, Franklin Templeton, Lear Corporation, Robert Bosch Venture Capital, and Tinicum Venture Partners.
The company intends to use the funds for the construction of a new 300,000 sq. ft. manufacturing facility in Georgetown, Texas, set to open in mid-2022 and expansion of its team of engineers and technology experts at both its San Carlos, CA HQ and Novi, MI sales and engineering facility, as well as for establishing a European-based team to service a growing list of international customers.
Founded in 2012 by Kevin Coakley (CEO) and Malcolm Brown (VP Engineering), CelLink manufactures electrically and thermally conductive flexible circuits to redefine automotive electrical distribution systems to make vehicles lighter, less expensive, and cleaner – both in their manufacturing and daily use.
In automotive mass production since 2019, CelLink products are already on the road in hundreds of thousands of electric vehicles today. Tomorrow, the company’s technology will grow beyond passenger automotive, solving similar challenges in commercial vehicles, aerospace, off-highway, agriculture, military vehicles, marine, industrial applications and more.
FinSMEs
16/02/2022