Magna International is a prominent global automotive supplier with a vast network that includes 317 manufacturing operations and 83 product development, engineering, and sales centers across 29 countries. Employing over 130,000 individuals, the company focuses on delivering value through innovative products and processes. Magna's diverse product offerings encompass body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure, and roof systems and modules. Additionally, the company provides complete vehicle engineering and contract manufacturing services. In 2023, Magna generated $42.8 billion in revenue, with 48% coming from North America, 38% from Europe, and the remainder from Asia. The company's revenue is heavily reliant on its top customers, with the largest three being General Motors, Mercedes, and BMW, which together accounted for a significant portion of its earnings.
Cartken is a developer of delivery robots that focus on transporting goods over short distances within neighborhoods. The company's robots are equipped with advanced sensors and cameras, enabling them to navigate safely by avoiding obstacles and selecting the safest routes. Cartken's delivery solutions cater to local businesses and customers, providing a reliable and efficient means of delivery. The company also offers a quick deploy option that simplifies the setup process, allowing users to start using the service without extensive integration requirements.
Yulu
Series B in 2024
Yulu is a micro-mobility platform in India that aims to alleviate traffic congestion and air pollution through the provision of human and battery-powered two-wheelers. The company offers a range of smart, dockless electric vehicles that leverage advanced internet of things technology. Users can easily rent these vehicles via a user-friendly application, utilizing either a pay-per-use or subscription-based model. Yulu's focus on shared mobility addresses the challenges of last-mile connectivity and delivery, promoting a seamless and sustainable transportation solution.
Niron Magnetics
Venture Round in 2024
Niron Magnetics, Inc. is a manufacturer of advanced permanent iron nitride magnets, established in 2013 and based in Minneapolis, Minnesota. The company specializes in creating innovative magnetic materials that are designed to enhance performance and efficiency across various industrial applications, including motors and generators. Niron's iron nitride magnets offer significant advantages over traditional ferrite and NdFeB-based magnets, such as greater magnetization and higher magnetic flux density. This enables automotive and computer manufacturers to achieve reductions in size and weight for their motors without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to support national security initiatives through its cutting-edge technology.
Veoneer
Acquisition in 2022
Veoneer, Inc. is a leading global company specializing in automotive safety electronics, focusing on the design, development, manufacture, and sale of advanced systems for vehicle safety. The company operates in two primary segments: Electronics and Brake Systems. Its product offerings include automotive radars, vision cameras, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), electronic control units, airbag control units, crash sensors, and brake control systems. Veoneer is also involved in developing technologies essential for highly automated and autonomous driving, such as driver monitoring systems, LiDAR sensors, and software solutions. Established in 2017 and headquartered in Stockholm, Sweden, Veoneer employs approximately 8,600 professionals dedicated to leveraging cutting-edge technologies to enhance traffic safety and address challenges related to mobility, including congestion and climate change.
Yulu
Series B in 2022
Yulu is a micro-mobility platform in India that aims to alleviate traffic congestion and air pollution through the provision of human and battery-powered two-wheelers. The company offers a range of smart, dockless electric vehicles that leverage advanced internet of things technology. Users can easily rent these vehicles via a user-friendly application, utilizing either a pay-per-use or subscription-based model. Yulu's focus on shared mobility addresses the challenges of last-mile connectivity and delivery, promoting a seamless and sustainable transportation solution.
Sanctuary Cognitive Systems Corporation
Series A in 2022
Sanctuary AI, founded in January 2018 and based in Vancouver, Canada, is focused on developing synthetic humans, referred to as "synths." The company's mission is to create robots that are indistinguishable from humans in physical appearance, cognitive abilities, and emotional responses. In addition to advancing cutting-edge technology, Sanctuary AI is committed to addressing the ethical implications associated with the creation of human-like machines.
Addionics
Series A in 2022
Addionics is a London-based company, founded in 2017, that specializes in the design and development of next-generation rechargeable batteries, particularly for electric vehicles. The company utilizes an innovative 3D battery architecture to create batteries with improved energy density, reduced charging times, and enhanced safety. By redesigning the internal structure of batteries at a microscopic level, Addionics aims to minimize internal resistance and increase mechanical longevity, which significantly enhances performance across various battery chemistries. The company is focused on scaling its proprietary technology to revolutionize energy storage solutions and positively impact environmental sustainability, catering to the growing demand from battery manufacturers and automakers for advanced energy storage systems.
Optimus Ride
Acquisition in 2022
Optimus Ride is a self-driving vehicle company located in Boston, Massachusetts, specializing in the development of technologies aimed at creating efficient, sustainable, and equitable mobility systems. As a spinoff from MIT, the company leverages over 30 years of interdisciplinary research in self-driving technologies, electric vehicles, and mobility-on-demand systems. Its team possesses extensive industrial and entrepreneurial expertise, encompassing areas such as manufacturing robots, urban design, and shared vehicle fleet management. Optimus Ride focuses on implementing self-driving technology in geofenced environments, utilizing advancements in sensor fusion, mapping, computer vision, and machine learning. This enables a wide range of transportation solutions, from commercial vessel operations to various transit options.
Yulu
Debt Financing in 2021
Yulu is a micro-mobility platform in India that aims to alleviate traffic congestion and air pollution through the provision of human and battery-powered two-wheelers. The company offers a range of smart, dockless electric vehicles that leverage advanced internet of things technology. Users can easily rent these vehicles via a user-friendly application, utilizing either a pay-per-use or subscription-based model. Yulu's focus on shared mobility addresses the challenges of last-mile connectivity and delivery, promoting a seamless and sustainable transportation solution.
REE Automotive
Post in 2021
REE Automotive is an automotive technology company specializing in the development of commercial electric vehicles, utilizing its innovative REEcorner technology. This technology integrates essential vehicle components such as steering, braking, suspension, and powertrain into a compact module located between the chassis and the wheel, allowing for a flat vehicle platform. REE's approach enables the creation of electric and autonomous vehicles of various sizes and applications, supporting a wide range of target markets. The company's solutions are fully scalable and modular, offering customers design flexibility, increased space efficiency, reduced total cost of ownership, faster development timelines, compatibility with advanced driver-assistance systems, and adherence to global safety standards. REE Automotive operates in several key markets, including Israel, Germany, the United States, and the United Kingdom.
Waymo
Private Equity Round in 2021
Waymo is a self-driving technology company focused on enhancing mobility by creating safe and efficient transportation solutions. Established from advancements in Google's research since 2009, Waymo aims to improve the movement of people and goods through its innovative software and sensor technology. In 2015, the company marked a significant milestone by conducting the world's first fully autonomous trip on public roads in a vehicle devoid of traditional driving controls. Waymo continually refines its technology through extensive simulation testing, accumulating over one billion miles of virtual testing annually, while its autonomous vehicles have logged more than two million miles on public roads in four U.S. cities. By employing integrated sensors and artificial intelligence, Waymo's technology is designed to detect various obstacles such as pedestrians, cyclists, and road conditions, ensuring a safe and convenient on-demand travel experience for users.
Innoviz Technologies
Post in 2021
Innoviz Technologies Ltd. specializes in designing and manufacturing solid-state LiDAR sensors and perception software that facilitate the mass production of autonomous vehicles. The company offers InnovizPro, a solid-state LiDAR known for its exceptional performance and value, and InnovizOne, an automotive-grade LiDAR sensor that delivers advanced 3D sensing capabilities for various levels of autonomous driving (Levels 3 to 5). Innoviz's products also include solutions for object identification and tracking, sensor fusion, as well as mapping and localization. The company partners with a range of notable investors and strategic allies, enhancing its position in the industry. Founded in 2016 and headquartered in Rosh HaAyin, Israel, Innoviz Technologies aims to provide comprehensive solutions for original equipment manufacturers (OEMs) and Tier-1 suppliers involved in the development of autonomous vehicles, serving markets that include passenger cars, robotaxis, shuttles, delivery vehicles, and logistics.
Populus
Seed Round in 2021
Populus is a platform for cities to manage and price commercial fleets to deliver safer more sustainable streets. Over 100 cities around the world rely on Populus to receive GPS data from commercial vehicles, and are now leveraging their platform to create, manage, and enforce payment for access to curbs to prioritize transitions to lower carbon transportation.
Honglizhixin
Acquisition in 2020
Honglizhixin is a privately held seat supplier to Chinese automakers.
Waymo
Venture Round in 2020
Waymo is a self-driving technology company focused on enhancing mobility by creating safe and efficient transportation solutions. Established from advancements in Google's research since 2009, Waymo aims to improve the movement of people and goods through its innovative software and sensor technology. In 2015, the company marked a significant milestone by conducting the world's first fully autonomous trip on public roads in a vehicle devoid of traditional driving controls. Waymo continually refines its technology through extensive simulation testing, accumulating over one billion miles of virtual testing annually, while its autonomous vehicles have logged more than two million miles on public roads in four U.S. cities. By employing integrated sensors and artificial intelligence, Waymo's technology is designed to detect various obstacles such as pedestrians, cyclists, and road conditions, ensuring a safe and convenient on-demand travel experience for users.
Innoviz Technologies
Series C in 2019
Innoviz Technologies Ltd. specializes in designing and manufacturing solid-state LiDAR sensors and perception software that facilitate the mass production of autonomous vehicles. The company offers InnovizPro, a solid-state LiDAR known for its exceptional performance and value, and InnovizOne, an automotive-grade LiDAR sensor that delivers advanced 3D sensing capabilities for various levels of autonomous driving (Levels 3 to 5). Innoviz's products also include solutions for object identification and tracking, sensor fusion, as well as mapping and localization. The company partners with a range of notable investors and strategic allies, enhancing its position in the industry. Founded in 2016 and headquartered in Rosh HaAyin, Israel, Innoviz Technologies aims to provide comprehensive solutions for original equipment manufacturers (OEMs) and Tier-1 suppliers involved in the development of autonomous vehicles, serving markets that include passenger cars, robotaxis, shuttles, delivery vehicles, and logistics.
Innoviz Technologies
Series C in 2019
Innoviz Technologies Ltd. specializes in designing and manufacturing solid-state LiDAR sensors and perception software that facilitate the mass production of autonomous vehicles. The company offers InnovizPro, a solid-state LiDAR known for its exceptional performance and value, and InnovizOne, an automotive-grade LiDAR sensor that delivers advanced 3D sensing capabilities for various levels of autonomous driving (Levels 3 to 5). Innoviz's products also include solutions for object identification and tracking, sensor fusion, as well as mapping and localization. The company partners with a range of notable investors and strategic allies, enhancing its position in the industry. Founded in 2016 and headquartered in Rosh HaAyin, Israel, Innoviz Technologies aims to provide comprehensive solutions for original equipment manufacturers (OEMs) and Tier-1 suppliers involved in the development of autonomous vehicles, serving markets that include passenger cars, robotaxis, shuttles, delivery vehicles, and logistics.
OLSA S.p.a.
Acquisition in 2018
Olsa specializes in supplying lighting products to the global automotive industry, focusing on rear lamps, headlamps, and other lighting devices for cars and trucks. Established in the 1940s, Olsa has over 70 years of experience in the field. The company's headquarters are located in Rivoli, near Turin, Italy, and it operates production facilities in several countries, including Italy, Poland, Brazil, China, and Mexico. Olsa also maintains technical and commercial offices in Germany and the United States, employing more than 1,800 individuals worldwide, with over 500 based in Italy. The company's research and development department in Italy is comprised of more than 100 engineers dedicated to advancing lighting technology.
Lyft
Corporate Round in 2018
Lyft is a transportation company that operates a mobile application connecting passengers with drivers for on-demand rides. The app facilitates ride scheduling, including advance bookings up to seven days, and handles in-app payments. Primarily serving college, university, and corporate communities, Lyft offers various ride options, such as private, shared, and luxury vehicles. Additionally, it provides multimodal transportation solutions, including bike and scooter sharing.
Innoviz Technologies
Series B in 2017
Innoviz Technologies Ltd. specializes in designing and manufacturing solid-state LiDAR sensors and perception software that facilitate the mass production of autonomous vehicles. The company offers InnovizPro, a solid-state LiDAR known for its exceptional performance and value, and InnovizOne, an automotive-grade LiDAR sensor that delivers advanced 3D sensing capabilities for various levels of autonomous driving (Levels 3 to 5). Innoviz's products also include solutions for object identification and tracking, sensor fusion, as well as mapping and localization. The company partners with a range of notable investors and strategic allies, enhancing its position in the industry. Founded in 2016 and headquartered in Rosh HaAyin, Israel, Innoviz Technologies aims to provide comprehensive solutions for original equipment manufacturers (OEMs) and Tier-1 suppliers involved in the development of autonomous vehicles, serving markets that include passenger cars, robotaxis, shuttles, delivery vehicles, and logistics.
Next AI
Venture Round in 2017
NextAI is an accelerator and founder development program based in Montréal and Toronto, designed for early-stage AI-enabled startups. It targets exceptional teams and individuals from around the globe who aim to commercialize AI research and establish global enterprises. As an innovation hub, NextAI leverages Canada's strong position in artificial intelligence to provide these startups with essential resources, including capital, mentorship, education, and a robust network of business leaders and entrepreneurs. Participating teams can access up to $200,000 in funding, guidance from renowned faculty and scientists, and state-of-the-art AI tools, all aimed at fostering disruptive innovation in various industries.
Blaize
Venture Round in 2016
Blaize, Inc., founded in 2010 and headquartered in El Dorado Hills, California, specializes in edge AI processing solutions through its proprietary hardware architecture and low-code/no-code software platform. The company targets various industries, including automotive, retail, security, industrial automation, and healthcare, providing efficient solutions that address the challenges of edge AI processing, such as low latency and high thermal and power efficiency. Blaize's innovative approach overcomes limitations of traditional AI solutions, which are often optimized for data centers rather than edge environments. With a workforce of over 200 employees, the company has established teams in California, North Carolina, and international subsidiaries in India and the UK. Blaize has successfully raised over $200 million from a mix of strategic and financial investors, reinforcing its position as a leader in the AI-enabled edge computing market.
BÖCO Böddecker & Co. GmbH & Co. KG
Acquisition in 2016
BÖCO Böddecker & Co. GmbH & Co. KG is an automotive supplier based in Wuppertal, Germany, specializing in the development and manufacture of latching and closing systems for automobile manufacturers globally. Founded in 1955, the company offers a comprehensive range of products, including hood latches, safety hooks, strikers, hood lifting springs, and both single-joint and multiple-joint hinges. Additionally, BÖCO provides mechanical and electrical latches for tailgates and backrests, as well as components for side doors such as loop strikers and sliding door stops. Its products are utilized in various vehicles, including cars and commercial trucks. BÖCO also operates a location in Tianjin, China, and is a subsidiary of Magna Closures Inc.
Telemotive
Acquisition in 2016
Telemotive AG is a prominent automotive supplier based in Muhlhausen, Germany, specializing in data loggers and engineering services for major automotive groups. Founded in 2000, the company employs over 500 staff and serves high-profile clients such as Audi, BMW, Daimler, Porsche, and Volkswagen. Telemotive offers a range of services that includes systems integration, project management, technology consulting, hardware and software development, and testing. The company develops automotive-specific tools for testing and documentation and provides cloud services for test data analysis, allowing clients to manage complex vehicle technology efficiently. Its product offerings encompass bus systems, driver assistance technologies, diagnostics solutions, and customizable applications, all designed to support the evolving needs of the automotive industry.
Stadco
Acquisition in 2015
Stadco Ltd. specializes in the processing and manufacture of aluminum and steel stampings for the automotive industry on a global scale. Founded in 1812 and based in Telford, United Kingdom, the company provides automotive body-in-white products and services. Stadco has a strong presence in the automotive sector, supplying complex vehicle assemblies and stampings to notable customers including Jaguar Land Rover, Ford Motor Company, and General Motors. The company operates four manufacturing facilities in the UK and one in Germany, employing approximately 1,400 people. As of November 30, 2015, Stadco Ltd. is a subsidiary of Magna International Inc.
PlaxidityX (Formerly Argus Cyber Security)
Series B in 2015
Argus Cyber Security Ltd. specializes in providing comprehensive cybersecurity solutions for the automotive industry, focusing on protecting connected cars and commercial vehicles from hacking threats. Founded in 2013 by cybersecurity experts, the company offers a suite of solutions designed to safeguard various components of vehicles, including in-vehicle networks, infotainment systems, and critical electronic control units (ECUs). Key products include ARGUS IN-VEHICLE NETWORK PROTECTION, which detects and mitigates attacks on in-vehicle networks; ARGUS CONNECTIVITY PROTECTION, which secures telematics and infotainment units; and ARGUS ECU PROTECTION, which fortifies crucial vehicle systems against external and internal threats. Additionally, Argus provides advisory services such as threat analysis and incident response. With its research and development center based in Tel Aviv and offices located in Michigan, Silicon Valley, Stuttgart, and Tokyo, Argus combines innovative security techniques with a thorough understanding of automotive practices to serve car manufacturers, Tier 1 suppliers, and aftermarket connectivity providers effectively.
Getrag
Acquisition in 2015
Getrag is a global supplier of transmission systems for passenger cars and light commercial vehicles, employing approximately 13,500 people across 23 locations. The company focuses on the design and manufacturing of various types of transmission systems, including manual, power, e-drive, and power-shift transmissions. Through its extensive expertise in automotive systems, Getrag plays a significant role in enhancing vehicle performance and efficiency.
Peloton Technology
Series A in 2015
Peloton Technology Inc., founded in 2011 and based in Menlo Park, California, develops advanced active safety systems aimed at enhancing the efficiency of trucking fleets. The company employs radar and Dedicated Short-Range Communications (DSRC) to establish vehicle-to-vehicle links between pairs of trucks. This technology allows for the coordination of acceleration and braking while keeping drivers fully engaged and in control of steering. By forming platoons, Peloton's system significantly reduces aerodynamic drag, resulting in fuel savings of over 7% during on-road testing for both the leading and trailing trucks. In addition to improving fuel efficiency, Peloton's solutions help mitigate collision-related expenses, addressing critical issues faced by the trucking industry.
Philips & Lite-On Digital Solutions - Business
Acquisition in 2015
Philips & Lite-On Digital Solutions - Business is a head-up display and electronic components.
Techform Products
Acquisition in 2014
Techform Products Ltd., is an automotive supplier of hinges, door locking rods and other closure products.
Zubie
Series B in 2014
Zubie is a connected vehicle services company that offers a platform designed to deliver essential vehicle health, location, and safety information to both consumers and businesses. By utilizing a plug-in device known as the Zubie Key, users can easily access and monitor their vehicle data through mobile applications available for iOS and Android. The service provides insights into fuel efficiency, location tracking, and driving behavior, which helps businesses enhance vehicle maintenance, prevent accidents, and optimize fleet operations. Zubie's subscription model includes the Zubie Key, mobile apps, and an online web portal, catering to the needs of both individual consumers and commercial fleets.
Ixetic
Acquisition in 2012
Ixetic GmbH is a manufacturer specializing in hydraulic and vacuum pumps for the automotive industry. The company produces a range of essential auto parts, including vacuum pumps, engine pumps, and transmission pumps. With a focus on automotive applications, Ixetic plays a critical role in supplying components that enhance vehicle performance and efficiency.
Pabsa S.A.
Acquisition in 2011
Pabsa S.A. is based in Buenos Aires, Argentina, and is a vertically integrated supplier of complete seats, foam products, trim covers and seat structures.
Resil Minas Industria e Comercio S.A.
Acquisition in 2010
Resil Minas Industria e Comercio S.A. is a automotive seating supplier.
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