# 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.

- Type: Investment
- Announced: 2020-12-09
- Where: United Kingdom
- Value: $17.0M (12.6M GBP)
- Status: announced
- Capacity: quadruple IHT production capacity
- Products: IHT (improved harness technology), RF antennae
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Trackwise Designs](https://endata.com/companies/51745.md)

## Sources

- [edisongroup.com](https://www.edisongroup.com/research/open-offer-oversubscribed/28441/), 2020-12-09: "This will fund a new manufacturing facility that will quadruple IHT production capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.