BMW i Ventures plans to invest in CelLink, a San Carlos, California-based manufacturer of flexible circuit technology. The funding will support CelLink as it moves several projects into full-scale production. CelLink, which plans to continue to ramp production of large-area flexible circuits for power and data transmission in its first manufacturing facility through the end of the year. The company aims to bring a new production facility online between 2020 and 2021.
Marcus Behrendt, Partner at BMW i Ventures, said, “We believe CelLink’s technology will transform wire harnessing from an old-school, simple technology to a more advanced, integrated, multi-purpose, flexible circuit technology with more functionality and lower cost.”
CelLink CEO and co-founder Kevin Coakley said, “CelLink was founded eight years ago on the premise of providing interconnect solutions to the solar industry. We are thrilled that the core innovations that we developed have evolved into a new type of flexible circuit that addresses the growing challenges of vehicle wiring and light-weighting, battery wiring, and energy-efficient lighting applications. These industries are huge, and they require significant technological advances for the world to achieve a state of sustainable energy production and consumption.”
Source: BMW Group