Forciot’s product is a unique stretchable electronics and algorithm solution that measures and reports accurately force, weight, balance and pressure. The system can also be utilized as HMI touch controller. The investment enables Forciot to broaden up its international business entry and supply chain operations. The amount of the investment was not disclosed.
Volvo Cars sees the potential to use Forciot’s developments in next-generation’s side the car. “These technologies could be the base for new features that would offer innovative safety and comfort improvements”, says Andreas Strasser, Investment Director at Volvo Cars. In addition to the automotive sector Forciot offers the technology also for logistics and wearable manufacturers that need advanced stretchable sensor solutions to bring intelligence into their products and challenging measurement environments.
Heraeus combines material expertise with technological know-how. “Stretchable electronics and sensor technology are a future growth market for Heraeus. Our investment in Forciot allows us to open up this market even more and to continue to learn, and it supports our growing electronics and sensor technology areas.”, says Dr. Frank Stietz, head of the Heraeus’ Business Area Electronics.
During the short timespan since its launch in 2015, Forciot has established worldwide operations, providing its technology solutions to large scale B2B customers. “This investment enables us to scale up Forciot operations further to prepare for the mass volume phase and supports greatly also our global sales, marketing and technology development growth plans.”, explains Maria Alm, Forciot Co-Founder and CEO.