Büyüktech, the manufacturer of Togg's backup camera, peripheral vision system and driver fatigue detection camera, is closing its 4 million dollar investment round. The company, which received an investment of 2.5 million euros before, plans to expand its factory with its new investment and move towards becoming an international manufacturer.
Büyüktech, which established its factory in Gebze with a capital of over 2 million euros and is Turkey's first camera manufacturer in automotive standards, made a name for itself with its cooperation with Togg. The brand, which is the manufacturer of the backup camera, peripheral vision system and driver fatigue detection camera of Turkey's domestic car Togg, has an annual production capacity of 800.000 units.
The company, which received an investment of 2021 million euros with a valuation of 10 million euros from Farplas in 2,5, now; With a pre-investment valuation of $24 million, a $4 million round with Turkey's leading funds is about to close. Büyüktech's new investment targets include expanding its factory, making new designs and becoming an international manufacturer.
Our goal is to be an international company
Ömer Orkun Düztaş, the partner and CEO of Büyüktech, underlines that their goal is to increase the production capacity. Duztas; 'Since the day we were founded, we continue to work with different sectors. In the last 3 years, we increased our capacity from 80 thousand to 800 thousand with high quality production in automotive standards. Close zamAt the same time, we aim to increase this figure up to 4 times by expanding our factory. A new $4 million investment round will be completed this month. With these investments, we plan to expand our factory and add newly developed designs to our productions. In this way, we will both increase our production and continue to contribute to the country's economy by increasing our employment. In addition, we will strengthen our steps towards becoming an international company,' he continues.
Düztaş also underlined that the factory, which currently has an annual production capacity of 800 thousand, aims to increase its capacity to over 3 million with the additional investments to be made; 'This will allow us to have a broader impact in both local and international markets.' expresses as.
Another partner and COO of the brand is Alparslan Işıklı; “Our factory makes an important contribution to the technology and production ecosystem in Turkey. It reinforces our leadership in this field. Our factory, which has a structure that focuses on the camera, is a first in Turkey in this sense. Mechanical assembly lines include a special lens assembly line for high-precision lens assembly, an electronic rein line, a mechanical assembly line, a sealing control line, a camera calibration line that we have created entirely with our own knowledge and experience, where the products will be calibrated and tested. .