Toposens has received European Union Horizon 2020 Funding of EUR2.5m (US$2.8m) to develop 3D ultrasonic technology for the autonomous driving market.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 initiative aimed at securing the Continent’s global competitiveness.
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The fund supports different categories such as industrial, societal and scientific challenges.
“Together with our recent investment round, we are now in a very good position to successfully introduce our technology to the mass market in the foreseeable future,” said Toposens CEO, Tobias Bahnemann.
Toposens will use the additional funding to enhance its current 3D ultrasonic technology for the automotive market. Receipt of funding is linked to certain development milestones for a period of two years.
These include obtaining various certifications for the sensor such as an IP rating for waterproofness, proving sensor functionality in two pilot test cases and completing the B-sample phase regarding automotive standards.
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By GlobalDataIn the future, the sensor is intended to complement existing sensor solutions and play a key role in the automotive sector.
The main goal is to improve close-range detection of the vehicle and support autonomous driving functions, such as ADAS.
