Nanoleq Raises CHF 1.1m to Launch Stretchable Cables

Nanoleq, which ranked at the TOP 100 Swiss Startup Award last year, is developing electric cables that are 100-times more-resistant to mechanical wear and tear. The technology may benefit industries where safety and reliability are essential, such as the healthcare, robotics, aerospace and high-end electronics sectors.


nanoleq Team from left to right: Serge Weydert-Head of Products, Vincent Martinez -CEO, Edi Liberato-Mechanical Engineer, Luca Hirt-CTO, Flurin Stauffer-Head of Materials, Jürg Hatt-Cable Industry Expert

“Not only do we aim at bringing stretchable electronics to the cable industry, but we are also assessing consumer goods opportunities such as the smart textile industry which could benefit from our stretchable strain sensor,” nanoleq chief executive Vincent Martinez said in an interview. 

 

The company, which received support from Venture Kick in 2017, will use the new equity funding to cover team, equipment and production expenses with the goal of launching their first product by the end of this year.

 

“Venture Kick is a very good program for people with technical profiles. It pushes you to change your way of thinking, to adapt to the reality of the market, and puts you in the shoes of the customer,” Martinez said.