It is reported that Scantinel Photonics has obtained an expansion round A financing of 10 million euros, which is supported by Photon Delta, current investors Scania Growth Capital and ZEISS Ventures. Scantinel Photonics, a start-up company that develops the next generation LiDAR solution for mobile and industrial applications, will use this fund to promote its frequency modulated continuous wave (FMCW) lidar equipment to customers.
Compared with other solutions such as radar and RGB camera, lidar has higher precision and accuracy in detecting objects and mapping. It is also more resistant to interference. This makes it an ideal choice for automatic driving and logistics, such as conveyor belts and automatic cranes. However, LiDAR equipment used to be too large, expensive or difficult to produce to be a practical alternative.
By using photonic chips (using light instead of electronics to transmit information in microchips), Scannell has developed its breakthrough FMCW LiDAR solution. This solution has powerful functions, economy and scalability for mass production, making LiDAR widely used in industrial and mobile fields. The detection range of this technology exceeds 300 meters, with excellent resolution and solid-state scanning. Scantinel has signed a number of partnerships with major global automotive, mobile and industrial companies.
Photon Delta's investment marks another step forward in its mission of establishing the European Photon Student State System. In April, Photon Delta received 1.1 billion euros of public and private investment to expand production scale, establish 200 start-ups, create new applications for photonic chips, and develop infrastructure and talents.
Andy Zott, the general manager and co-founder of Scantenel, said: "We have seen the great value of having PhotonDelta as an additional investor, and we look forward to obtaining the maximum cooperation and benefits from PhotonDelta's leading integrated photonic student state system."
Ewit Roos, CEO of PhotonDelta, said: "Photonic chip is the next generation chip technology, which will bring vitality to new innovations such as FMCW LiDAR on CHIP. We are very happy to start this journey with Scantinel. We believe that the investment in Scantinel is the perfect choice to develop and strengthen our photonic student state system."
Dr. Michael Richter, general manager of Scantenel, said: "The investment from our existing investors, ZEISS Venture Capital and Scania Growth Capital, as well as our new investor, Photon Delta, will work with our customers and partners to accelerate our product development."
About Scantinel Photonics GmbH
Founded in 2019, Scantenel Photonics GmbH, headquartered in Ulm, Germany, is a leading FMCW sensing technology company that provides the next generation LiDAR solution for automatic driving. Scantinel is supported by ZEISS Venture Capital, Scania Growth Capital and Photon Delta.
About PhotonDelta
Photon Delta is an ecosystem that researches, designs, develops and manufactures integrated photonics technology solutions. Photon Delta connects pioneers in this field with investors and viable markets, and helps promote the development of this industry by providing funds, investment and R&D roadmap. Photon Delta is located in the Netherlands, but has contacts and cooperation throughout Europe.
Source: OFweek
