HELLA has signed an exclusive licensing and development agreement with Gapwaves, a Tech Company listed at Nasdaq First North Growth Market Stockholm, and has acquired a 10 percent stake in the company.
Gapwaves is one of the global market players for waveguide-based antennas. HELLA will implement this technology in the next generation of corner radar sensors based on 77 GHz, thus further increasing the performance of its own sensors. Start of series production for a German manufacturer of premium vehicles is planned for 2024.
Gapwaves originates from research conducted at Chalmers University of Technology in Gothenburg and was founded in 2011. The company still has its headquarter there. Gapwaves has been listed at Nasdaq First North Growth Market Stockholm since 2016. The company currently employs around 30 people and generates annual sales in the single-digit million euro range.