BUSINESS
SprayVision is Used by Porsche and Fiat
Within the first two years since its conception, the budding Czech company SprayVision managed
to sell their technologies in the fields of paint and lacquer to influential car manufacturers and global
companies. Thanks to an investment from J&T Ventures, they are now looking to strengthen their
position on the American market and expand towards Asia.
Through special measuring devices and
software analysis, SprayVision is able
to optimize the process of industrial
lacquering, this cuts down on the
manufacturer’s expenses for material and
operation. The company boasts a client
roster including car manufacturers such
as Porsche, Volkswagen or Fiat Chrysler
Automotive. SprayVision also helps paint
and lacquer technology manufacturers
perfect the features of their products, the
company’s tools use firms like BASF or
Sames Kremlin for this purpose.
“In 2018 we took a simple prototype to
a fair in Germany, in order to see if there
was demand for our idea. Today, we have
units in countries ranging from the USA
to Turkey. We work for big automotive
groups and paint manufacturers. We have
delivered our technologies to three out of
the six biggest global competitors in paint
application technology,” recounts Peter
Jahn, one of the company’s founders.
SprayVision also became known as the
absolute winner of this year’s Idea of the
Year competition, where it bested almost
200 star-ups.
In the beginning, Peter Jahn along with
cofounder Vojtěch Roul invested several
million Czech Crowns from their own
savings into the company. Jaroslav
Gergič, former CTO of GoodData and
current head of development at Cisc,
also became one of their first partners.
SprayVision turned a profit fairly early,
the J&T Ventures investment, however,
is aimed at strengthening the team with
experienced professionals in the field,
stabilizing their position in Europe,
further penetrating into the American
market and realizing plans of expansion
to Asia.
SprayVision is able to save 10–15 %
of paint used, while at the same time
increasing final product quality and
reducing the percentage of scrap
products. Furthermore, it is able to
shorten the lacquering process from
days to hours. Thanks to this, returns on
the investment are a matter of months
or, in some cases, weeks. This is one
of the reasons why the interest of large
companies has not waned, even in light
of a pandemic. SprayVision’s long term
revenue stems from annual payments for
software, its updates and related support.
“The size of this market is in the tens of
billions of dollars, and these technologies
are also applicable in other fields. In
addition to financial savings, SprayVision
helps corporations with digitalization and
the transition into Industry 4.0.”
POSITIV 4/2020 ǀ 47