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When combined with TactoTek’s expertise in injection molded structural electronics, Faurecia’s automotive interiors business provides an opportunity to re-think how and where electronic functions are deployed in vehicles, said Jusai Marvela, CEO of TactoTek.

Clare Goldsberry

February 21, 2017

1 Min Read
TactoTek receives funding from Faurecia Ventures

TactoTek (Oulu, Finland), an injection molder of structural electronics (IMSE) products, announced on Feb. 21 that its funding has grown to more than $20 million with the recent investment by Farurecia Ventures.

“Faurecia’s automotive interiors’ market leadership reflects its ability to deliver innovative solutions to market. When combined with TactoTek’s IMSE expertise, it’s an opportunity to re-think and revolutionize how and where electronic functions are deployed in vehicles, and the forms that they take,” stated Jusai Marvela, CEO of TactoTek. “We are very enthusiastic about our relationship with Faurecia and the shared vision of market transformation on which it is founded.”

TactoTek tagets automotive and home appliance markets, each of which represents an annual multi-billion-dollar opportunity. Because ISME technology is horizontal in nature, its reach extends to markets as diverse as wearable technology, medical devices and industrial controls, and the company has active projects in each of these arenas, said TactoTek’s information.

Eric de La Gironnière, President of Faurcia Ventures, commented, “We are very pleased to partner with TactoTek. Their innovative process perfectly fits our ‘smart life on board’ strategy to integrate a new on-board connectivity experience.”

TactoTek partners with OEMs and their suppliers to implement customer concepts in IMSE and design and ready those parts for mass production using agile product development processes. TactoTek licenses manufacturing to third parties and does selected mass production. TactoTek’s IMSE integrates printed circuitry and electronic components into injection molded plastics.

Faurecia is one of the world’s largest automotive equipment suppliers, with three key business groups: Seating, Interiors and Clean Mobility. In 2016, the group posted total sales of €18.7 billion. Faurecia employs 100,000 people in 34 countries at 300 sites and 30 R&D centers. 

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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