Trackwise Designs raises £12.6m for new manufacturing facility

Trackwise Designs has raised £12.6 million through a placing and oversubscribed open offer. The funds will be used to build a new manufacturing facility that will quadruple production capacity for its IHT (improved harness technology) products, supporting a £38 million EV contract and other orders.

“This will fund a new manufacturing facility that will quadruple IHT production capacity.”edisongroup.com

• 1 source
• edisongroup.comTrackwise Designs — Open offer oversubscribed - Edison GroupDec 9, 2020

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