An innovative electronics firm is getting used to life in the fast lane, having relocated to new premises in Solihull.
Lyra Electronics has taken space at Blythe Valley Innovation Centre, run by the University of Warwick Science Park, having rapidly outgrown its previous accommodation at the science park’s Venture Centre in Coventry.
The company was founded last year by specialist automotive electronic engineers Mike Evans and Pete James, to provide bespoke design and prototype build services to clients in the motor sports and vehicle production sectors.
Its consultancy business has carved a niche working alongside firms in electric vehicle and hybrid vehicle technology, and now Lyra offers a range of off-the-shelf electronic modules for use in electric vehicle development.
Products include electronic control units, which target the automotive industry and most specifically electric vehicles, assisting individuals and businesses to monitor and actuate communications between the vehicle and electronic system.
The company has also developed satellite modular units, used to read and measure sensors within vehicles.
Aside their use in electric vehicles, the units are being used in hybrid and fuel-electric converts, as they work by providing display notices to users, allowing the close monitoring of systems.
More recently, the company has expanded its service offer working with clients in the green technology industry, including those involved with providing solutions for combined heat and power systems in the property sector.
Evans said: “We wanted to expand the business and had outgrown our previous accommodation, where we benefited from the science park’s Ignite programme.
“The move to new premises has given us the space we needed to move forward with our strategy of growth; we’re now able to bring a new member of staff on board and also research new market opportunities for our expertise and high tech designs.
“It’s a really exciting time for the business, as we look forward to exploring new activities within the green technology market.”
Nigel Shaw, manager at Blythe Valley Innovation Centre, said the science park’s four innovation centres were home to a host of automotive related businesses.
“The role of automotive firms to our regional economy is well acknowledged, and that is certainly reflected at our centres and particularly Blythe Valley Park.
“Lyra has thrived at our centre in Coventry and the move to Blythe will hopefully allow for further growth, whilst retaining the relationship with the science park’s Ignite team who have a crucial role in assisting start ups and the early stage business development of knowledge based or innovation led businesses with high growth potential.”