Lofelt raises $5.5 million to expand its haptic offering in AR, VR and other technology

Lofelt, the Berlin-based next-generation technology startup, has raised $5.4 million capital in Series A funding round led by Wolfman.One, with participation from Q Venture Partners, Coparion, and previous backer Horizons Ventures. The startup is developing ‘next-generation’ haptic technology for use in a range of products including gaming, AR, VR, automobile, consumer electronics, toys, medical, and entertainment. It has created a hardware and software platform designed to let companies add haptic features to their products and which takes the tech’s utility beyond gaming or mobile phones.

The company commented that “Whilst conventional actuator companies like ALPS, Precision Microdrives, AAC Technologies only produce hardware, Lofelt is the only company delivering the complete hardware, software and user-experience solution, ready for mass-production. Our technology offers three distinct advantages compared to other solutions: Our actuators are completely silent, the audio-driven concept drives our actuators over a wide frequency band, producing ultra-realistic haptic feedback, software is designed in conjunction with our hardware, resulting in optimum power, control and efficiency”. Lofelt will use the additional financing to invest in expanding its Berlin-based engineering team to accelerate development of new user experiences and technologies.