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Faurecia Ventures Investment Pushes TactoTek Funding Over $20 Million Mark

Automotive interiors leader takes equity position in in-mold structural electronics leader.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

TactoTek, a leader in injection molded structural electronics (IMSE) solutions, announced that its funding has grown to more than $20 million. Faurecia Ventures, the investment organization of the global market leader in automotive industry, joined other TactoTek investors in December 2016.
 
“Faurecia’s automotive interiors market leadership reflects their ability to deliver innovative solutions to market; when combined with TactoTek’s IMSE expertise, it’s an opportunity to re-think and revolutionize how and where electronic functions are deployed in vehicles, and the forms that they take.” said Jussi Harvela, CEO of TactoTek.
 
TactoTek is emphasizing automotive and home appliance markets, each of which represents a multi-billion-dollar annual opportunity. IMSE technology’s reach extends to markets as diverse as wearable technology, medical devices and industrial controls, and the company has active projects in each of these arenas.
 
Faurecia is one of the world’s largest automotive equipment suppliers, with three key Business Groups: Seating, Interiors and Clean Mobility. In 2016, the Group posted total sales of €18.7 billion. Faurecia employs 100,000 people in 34 countries at 300 sites and 30 R&D centers.

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