Last week, we had the pleasure of exhibiting at MobilityXlab’s Tech Day.
Our colleagues Frida Wygler and Emil Nilsson showcased how we are pioneering the next generation of interference-free radar technology—enabling safer ADAS and autonomous driving functions of the future.
We truly enjoyed the inspiring conversations, fresh perspectives, and the opportunity to connect with so many brilliant minds shaping the future of mobility. A big thank you to everyone who stopped by!
Radar Reticence secures SEK 37 million to solve one of the automotive industry’s next big radar challenges
Radar Reticence has secured SEK 37 million in funding to bring its next-generation interference-free radar technology for automotive radar to its first customer pilot. The financing consists of a SEK 10 million equity round and a EUR 2.5 million grant, approximately SEK 27 million, from the EIC Accelerator.
Radar Reticence is one of 38 start-ups and SMEs selected by the European Innovation Council in the latest EIC Accelerator round. The programme supports high-potential deeptech companies on their path to market, and the selected companies were chosen for their transformative technologies and strong commercial promise.
In addition, Radar Reticence has been awarded EIC Accelerator blended financing, including the possibility of up to EUR 3 million in additional equity financing through the EIC Fund after the grant period.
The equity round welcomes Chalmers Ventures, East Sweden Capital and Almi Invest as new investors. Existing investors LiU Invest, Halland Invest, Augurium and Leif Haglund also participated in the round, reinforcing their continued support and belief in the company.
“We are incredibly grateful to our existing investors for their continued support on this journey, and excited to welcome Chalmers Ventures, Almi
Invest and East Sweden Capital as new investors. Together with the EIC Accelerator funding, this gives us a strong platform to scale the company, expand the team and take our technology into its next phase,” says Frida Wygler, CEO of Radar Reticence.
Radar is a critical sensing technology for advanced driver assistance systems and future autonomous mobility. As more vehicles are equipped with increasingly advanced radar sensors, interference between radar systems is emerging as a growing challenge for the industry. Radar Reticence is developing novel signal processing technology, packaged as a software licence, designed to enable more reliable and interference-free automotive radar performance.
”Radar Reticence is exactly the kind of deep-tech company that Chalmers Ventures seeks to support. A patentable technology built on world-leading research, combined with a team that brings together technical excellence, entrepreneurial experience, and strong execution capabilities. We see significant potential in both the technology and the team, and we are delighted to have earned the opportunity to support the company on its continued journey” says Oskar Svarfvar, Investment Manager, Chalmers Ventures.
The EIC-funded project is designed to take Radar Reticence’s technology from TRL6 to TRL8 over two years, accelerating the journey from validated technology to a market-ready product.
The funding will be used to execute Radar Reticence’s first customer pilot and expand the team. The company currently has six employees and plans to double the organisation over the coming year.
“We are truly proud of what we have built so far: the technology, the team and the momentum around Radar Reticence. Now it is time to accelerate, to move from validated deeptech to customer pilots and start delivering real value to the automotive radar industry,” says Leif Haglund, Chair of the Board.
Founded in 2022 by Emil Nilsson and Hans Hellsten, researchers from Halmstad University, Radar Reticence builds on deep Swedish radar expertise. Over the past two years, the company has made significant progress in developing, validating and positioning its technology for the automotive market.
Through the Vinnova-funded SCARCE project, carried out together with NIRA Dynamics and Halmstad University, Radar Reticence has developed and tested its technology in relevant automotive radar environments. The company is also part of MeTARI, a Future Mobility project with US partners, focused on developing methods for testing automotive radar interference.
In parallel, Radar Reticence has built growing international market traction, engaged with leading actors across the automotive radar ecosystem and been selected for MobilityXlab, one of Sweden’s leading collaboration platforms for startups and global mobility companies.
“I have followed Radar Reticence for some time and have been impressed by the team’s ability to develop and validate advanced technology, but also by how they have built a clear path towards the market. They are solving an important and rapidly growing problem for the automotive industry, with a scalable solution that is already attracting strong interest from leading industry actors,” says Stefan Asplund, Investment Manager at Almi Invest.
With new capital, EIC Accelerator backing and a growing team, Radar Reticence is now entering its next phase: taking its software-based radar technology closer to commercial deployment and preparing for its first customer pilot.
