Almi Invest invests 1.5 million in Linköping company SweGaN. The company has developed a patented process to produce semiconductor materials, which can be very important in areas such as telecom, which can produce significantly more energy-efficient base stations. The issue of 6 million is also participating private investors.
Almi Invest invests SEK 1.5 million in Linköping company SweGaN. The company has developed a patented process to produce semiconductor materials, which can be very important in areas such as telecom, where it can produce significantly more energy-efficient base stations. In the issue of a total of 6 million is also participating private investors. The money will go to increase Swegans production.
SweGaN sells a material, known as epiwafers coated with gallium nitride, which customers use to develop their own components. The company has developed a unique process for providing superior performance, higher efficiency and lower energy consumption than current methods. This is of great interest in telecom and space industry, where the need for increased bandwidth and lower power consumption is large. Devices based on SweGaNs technologies can reduce energy consumption in a base station with 20 – 30 percent, while the capacity increases 10 to 100 times.
– SweGaNs technology with its superior performance is unique, says Pär Carlshamre, Investment Manager at Almi Invest. It provides a disruptivt materials that can create components that no one has thought about before.
SweGaNs technology can be used in telecommunications, defense and aerospace industries. The company has already paying customers from research and development labs of component manufacturers and universities. SweGaNs strategy is now developing its offering from simply selling their material to even design their own new components.
– This investment enables us to take the next step and purchase your own reactor, which is needed to produce our material, says SweGaNs founder and CEO Olof Kordina. That way we can scale up our business and meet a real need in the market.