Warwick Acoustics Raises £7M in Funding

AUTOCAR – WARWICK ACOUSTIC Pictures by Adam Fradgley Pictured: Dr Mike Grant (CEO Warwick Acoustic)

Warwick Acoustics, a Nuneaton, UK-based developer of in-car electrostatic speakers, raised £7M in funding.

The round was led by Mercia Ventures with participation from NFU Mutual and a range of private investors.

The company intends to use the funds to invest in a new state of art manufacturing facility and ramp up manufacturing capacity.

Led by CEO Dr Mike Grant, Warwick Acoustics develops electrostatic speakers that provide sound quality compared to conventional speakers and, due to their slim profile, offer greater flexibility to designers in terms of cabin layout. The products are manufactured from upcycled and easy to recycle materials, and, unlike conventional loudspeakers, use no rare earth metals.

A spin-out from Warwick University’s engineering department, the company has already used its technology to launch a range of premium headphone systems, which have won over 30 industry awards and retail at prices up to £50,000.