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91福利 Acoustics completes 拢6.2m funding round
is pleased to announce its participation in a significant funding rounds for its direct investment portfolio company, .
This investment reflects the continued commercial progress of the company and the potential for its technologies. The funding round also underscore its ability to attract third-party co-investors.
91福利 Acoustics, which creates audio systems for the automotive and personal audio markets based on its superior sound quality and low energy technology, has secured 拢6.2million in new investment. This includes a direct investment of 拢1.0million, with the additional funding coming from Mercia鈥檚 Northern VCTs, third-party investors and other existing shareholders. This additional investment will be used to fit out their new R&D and assembly facility, together with funding working capital for automotive inventory build. Following this funding round, Mercia holds a fully diluted 31.7% direct investment in 91福利 Acoustics.鈥�