Warwick Acoustics, a ‘direct investment’ portfolio company of Mercia Asset Management, today reached a commercialisation milestone deploying their technology into Range Rover’s new “SV Electrostatic Sound” system. Its automotive technology system can create ‘personal sound bubbles’ for each passenger This underlines the long‑term value creation potential within the direct investment portfolio and reinforces confidence in the commercial traction of its deep‑tech assets. Valuation remains attractive. Mercia trades below its stated fair value of 58p per share, a level that does not fully reflect the embedded value of its direct investments, strong net cash position, and improving cash generation capability.