SprayVision is Used by Porsche and Fiat

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