Warwick Acoustics
Creates ground-breaking audio products designed with a single-minded mission; to deliver truly remarkable listening experiences.
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| - | investor | €0.0 | round |
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* | £6.2m Valuation: £35.0m | Late VC | |
| Total Funding | 000k | ||
| GBP | 2016 | 2017 |
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| Revenues | 0000 | 0000 |
| % growth | - | 23 % |
| EBITDA | 0000 | 0000 |
| % EBITDA margin | (1674 %) | (1728 %) |
| Profit | 0000 | 0000 |
| % profit margin | (1371 %) | (1736 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Warwick Acoustics is a UK-based company specializing in high-end audio solutions for the automotive and personal headphone markets. A 2002 spin-out from the University of Warwick's School of Engineering, the company was founded based on the research of Professor Duncan Billson and Professor David Hutchins, who co-invented the core technology. Billson's background in ultrasonics and audio transduction provided the foundation for the company's innovative approach to sound reproduction.
The company's primary innovation is its patented High Precision Electrostatic Laminate (HPEL) technology, which serves as the foundation for its ElectroAcoustic Panels. Unlike conventional speakers that use heavy magnets and coils, HPELs are ultra-thin, lightweight panels made from upcycled and recyclable materials. This design provides superior sound quality and offers significant advantages for the electric vehicle market, as the panels are up to 90% lighter and more power-efficient than traditional counterparts, helping to extend vehicle range. Furthermore, the technology avoids the use of rare earth elements, addressing supply chain and environmental concerns prevalent in the electronics industry.
Warwick Acoustics operates in two primary markets: high-end personal audio and automotive systems. The company first gained recognition for its premium headphone systems, such as the Sonoma M1 and Aperio, which have won over 30 industry awards and can retail for up to £50,000. This success established the brand's reputation for audiophile-grade performance. Building on this, the company has transitioned its technology to the automotive sector, which is now its main focus. Its business model involves securing development contracts with automotive original equipment manufacturers (OEMs) and transitioning them into large-scale commercial production agreements. In June 2023, the company announced its first major production contract with a luxury vehicle manufacturer for two vehicle programs.
The company is headquartered in Nuneaton, UK, at the MIRA Technology Park, a hub for automotive innovation. It is led by CEO Dr. Mike Grant. Warwick Acoustics has secured significant investment to scale its operations, including a £7 million funding round in April 2024 led by Mercia Asset Management and NFU Mutual to establish a new manufacturing facility. Mercia has been a long-term investor, supporting the company since 2009.
Keywords: electrostatic speakers, automotive audio, HPEL technology, sustainable audio, personal audio systems, headphone systems, rare earth free, audio technology, lightweight speakers, acoustic engineering