PiezoMotor: Breakthrough News
Redeye raises its valuation of PiezoMotor after recent breakthroughs. The company has raised SEK 25m from Länsförsäkringar Fonder and received its first order for the new motor Piezo LINK. The order can by itself double the company’s current annual sales within three to four years, potentially. Hence, we feel confident in increasing our mid- and long-term sales growth expectations.