As Saykal Electronics, we have successfully completed our investment round!
As Saykal Electronics, a company developing innovative solutions in mobility technologies, we are proud to announce the successful completion of our $4 million investment round, led by İş Portföy Management Inc.’s Renewable Energy Technologies Venture Capital Investment Fund and managed by Fark Labs.
The round saw follow-on participation from our first investor, Fark Holding, alongside Bilişim Vadisi VCIF and T3 VCIF under the management of APY Ventures, as well as Anadolu Isuzu, RePie Portfolio, and Empa Elektronik A.Ş.
This investment will be used to support Saykal Electronics’ rapidly expanding operations, strengthen our working capital, and advance our strategic growth plans in the U.S. and other international markets.
Saykal Electronics CEO Yücel Saykal stated, “With this investment, we aim to develop globally competitive innovative radar sensors and power electronics solutions that will help shape the future of mobility.”
Highlighting Saykal’s focus on the two main challenges of the mobility ecosystem—autonomy and electrification—he added, “This development marks a significant step forward on our path to becoming a global technology company by offering high-value-added solutions for the autonomous electric platforms of the future.”
Saykal Electronics CTO Anıl Sırma commented, “With our proprietary, R&D-driven technologies in radar sensors and power electronics, we aim to meet not only today’s but also tomorrow’s mobility needs. In the post-investment phase, we will deepen our hardware and embedded software capabilities to deliver high-safety and high-precision systems to the global market.”
Saykal Electronics COO Ahmet Bilal Kalkan emphasized, “This investment is a critical turning point for scaling our operational capabilities and production capacity. With our advanced quality systems and lean production approach, we will respond to increasing customer demands in a more agile and scalable way. We are restructuring our entire process infrastructure to align with our vision of international market expansion.”
Ahu Serter, Founder of Fark Labs and Chairwoman of Fark Holding, said, “Thanks to its technical depth and strong innovation capability, Saykal Electronics has become a player that now sits at the same table with global giants like Texas Instruments and Vishay. This is a highly valuable achievement for a company from Turkey to be able to export technology globally. What’s more, Saykal possesses the ability to develop and apply emerging technologies that are not even on the market yet, with a cost advantage. To date, they have developed and mass-produced nearly 40 products, offering competitive solutions in global mobility markets. We truly believe that Saykal will continue this momentum and become a global powerhouse—possibly reaching unicorn status within five years. With this belief, we continued to support Saykal in this round following our initial investment.”
Burak Sezercan, General Manager of İş Portföy Management Inc., stated, “Saykal Electronics’ ability to develop high-tech solutions that can compete globally in the automotive industry’s transition to autonomous and electric vehicles—and to swiftly deliver these solutions to international markets through its agile organizational structure—enhances the strategic value and growth potential of this investment. Through this investment, we not only support domestic ventures driving the mobility transformation but also provide our investors with opportunities to invest in globally competitive technology companies.”
Mustafa Keçeli, Fund Manager at APY Ventures, added, “Saykal Electronics’ ability to deliver end-to-end solutions across a wide range makes it a powerful player not just locally but globally. Saykal’s technical depth, high product quality, and scalable production infrastructure place it in a strategically important position. At APY Ventures, we believe in this vision and engineering strength, and we are confident that Saykal will grow into an even more prominent player in the global mobility ecosystem.”
About Saykal Electronics
“From sensors to power electronics, we are shaping the future of mobility.”
Saykal Electronics operates in the fields of sensor technologies and power electronics systems used in vehicles within the mobility ecosystem. As one of Turkey’s fastest-rising companies in the automotive and technology sectors, it provides innovative solutions to both domestic and international markets with its R&D-driven approach.