Foresight Group (Foresight), an infrastructure and private equity investment manager listed on the London Stock Exchange, and Williams Advanced Engineering (WAE), have invested in Zero Point Motion Limited (ZPM), an early-stage semi-conductor company which is developing a chip-scale inertial measurement unit (IMU) for ultra-precise motion-tracking and indoor navigation.
The Company was founded in 2020 by Dr Ying Lia Li (Lia), an award winning physicist (2021 Institute of Physics Clifford Paterson prize) who worked on photonic devices at BAE Systems and developed sensing technology during a decade-long academic career supported by The Engineering and Physical Sciences Research Council and The Royal Academy of Engineering at University College London. Lia is joined by Executive Chairman Dr Gordon Aspin, who brings over four decades of commercial expertise in cellular chipsets, and previously co-founded The Technology Partnership, TTP Communications and Cognovo.
In addition to expanding its team, which will be based at Bristol University’s state-of-the-art Quantum Technologies Innovation Centre, this initial round of funding will enable the Company to create engineering samples to be assessed by initial customers and designed into their products, with a view to commercial sales commencing in 2024.
