Pestalozzi advises JVCKENWOOD in its investment in WayRay's USD 80 million Round C
Swiss based Deep-Tech-Startup WayRay, a leader of holographic AR displays for cars, announced a new investment from investors Porsche, Hyundai Motor, Alibaba Group, China Merchants Capital, JVCKENWOOD and Consortium of Sovereign Wealth Funds (among them Russia-Japan Investment Fund, formed by JBIC and RDIF; Saudi Arabia, Kuwait, UAE, Bahrein). The newly raised funds will bolster the company’s focus on R&D, industrialization and team expansion to become a supplier of holographic AR solutions for car manufacturers. Pestalozzi advised JVCKENWOOD as to Swiss law.