Trackwise

finnCap have advised Trackwise Designs plc on an oversubscribed up to £12m Fundraise. This funding will help our client meet requirements for increased IHT (Improved Harness TechnologyTM) manufacturing capacity, due to their recently announced EV OEM up to £38m manufacturing agreement, future anticipated IHT demand and emerging Medical and Aerospace market opportunities.

Philip Johnston, CEO, Trackwise, commented: “It has been a transformational 12 months for Trackwise, and the recent major agreement with an Electric Vehicle manufacturer demonstrates the significant traction our Improved Harness Technology™ is gaining in the market.

“We are delighted by the support shown by new and existing investors, providing us with the means to deliver against our growing pipeline of revenue opportunities across our primary target markets of EV, Medical and Aerospace, thereby maximising our long-term growth.”

Ed Frisby, Corporate Finance Director, finnCap Group, commented: “finnCap is very proud to play its part in supporting the Trackwise team as they continue to deliver their disruptive industrialtechnology to exciting high growth markets.”