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Volvo Cars Invests in Optical, Imaging Tech Startup Spectralics

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Volvo Cars has invested in Israeli optical and imaging technology startup Spectralics through its Volvo Cars Tech Fund, the company’s venture capital investment arm. The investment gives Volvo Cars access to technology at an early stage of development that the company said could contribute to making cars safer and revolutionize the in-car experience. Outlets covering Volvo Cars and the transportation sector reported the investment is worth $2 million. It brings the startup’s raised total to $5 million. With a background in aerospace technology development, Spectralics...Read full article

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    Published: December 2021
    Glossary
    optical materials
    Optical materials refer to substances or compounds specifically chosen for their optical properties and used in the fabrication of optical components and systems. These materials are characterized by their ability to interact with light in a controlled manner, enabling applications such as transmission, reflection, refraction, absorption, and emission of light. Optical materials play a crucial role in the design and performance of optical systems across various industries, including...
    Volvo CarsVolvooptical imagingOpticsImagingImaging & Opticsoptical materialsAutonomous drivingcombinersDisplaysFilterscamerasBusinessstartupsstartupstartup acceleratorIndustry News

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