The new round of funding will be used to scale up existing mass production contracts in these primary markets and transition several projects from product development to full-scale production. In the long-term, CelLink believes its technology can scale to applications in aerospace and commercial vehicles.
CelLink was set up by serial entrepreneur Kevin Coakley who previously founded ThinSilicon, which was acquired by China Solar Power. This funding round has also grown CelLink’s base of investors as well as strengthened connections with previous investors like RBVC. “As one of CelLink’s earliest investors, RBVC has been a tremendous resource for our company in critical technical areas such as high-volume manufacturing and high-speed data transmission,” said Coakley. “In addition, RBVC has provided valuable introductions to many of our key automotive customers and partners in Europe,” he said.