Vuzix, a leading smart glasses and augmented reality (AR) manufacturer, has received a significant investment from Quanta Computer, a global Fortune 500 company, to further fuel its growth. This multi-million dollar investment, which comes in three tranches, signifies a deeper partnership and strengthens Vuzix’s balance sheet for production expansion and innovation. The investment reflects the growing smart glasses market, which is expected to reach $13.68 billion by 2031.
Vuzix Corporation (VUZI) shares surged on Tuesday after the company announced a three-tranche investment of $20 million from Quanta Computer. The investment will support Vuzix’s expansion of waveguide production and joint development of new augmented reality/artificial intelligence smart glasses technologies.
Vuzix, known for its smart glasses, has partnered with GPS Tuner to bring augmented reality (AR) displays to eBike riders. This collaboration aims to reduce distractions and enhance safety by providing real-time alerts and notifications through a heads-up display. The partnership leverages Vuzix’s Z100 smart glasses and GPS Tuner’s eMobility software solutions.
