Magna International

Magna is a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has over 130,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Magna's product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

Josh Berg

Managing Director, Magna Technology Investments

Swamy Kotagiri

CEO

34 past transactions

Cartken

Venture Round in 2024
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, headquartered in Stockholm, Sweden, specializes in the design, development, manufacture, and sale of automotive safety electronics. The company operates through two main segments: Electronics and Brake Systems. Veoneer provides a comprehensive range of products, including automotive radars, cameras, night driving assist systems, positioning systems, and advanced driver assistance systems (ADAS). Their offerings also encompass electronic control units, airbag control units, crash sensors, and brake control systems, along with software solutions for highly automated and autonomous driving. Additionally, Veoneer is involved in developing driver monitoring systems, LiDAR sensors, and other essential technologies for enhancing safety and automation in vehicles. With a workforce of approximately 8,600 employees, Veoneer focuses on addressing critical challenges in mobility, such as traffic safety and environmental impact, through innovative safety solutions.

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 (aka "Sanctuary AI") is a mission-driven company focused on developing human-like intelligence in general-purpose robots. The company was founded in 2018 and is headquartered in Vancouver, British Columbia. Sanctuary AI has built a humanoid general-purpose robot powered by Carbon™, a pioneering AI control system, and designed for work.

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.
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.

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 supplies automakers with lighting products. Olsa SpA was born in the 40’s and has been producing lighting for cars and trucks (rear lamps, dome lamps, number plate lights…) for more than 70 years. Olsa headquarters are in Rivoli (Turin), with production plants both in Italy (Moncalieri) and in Poland, Brazil, China and Mexico. Moreover, Olsa also has technical and commercial offices in Germany and USA: at the moment, Olsa Group has more than 1,800 employees of which more than 500 in Italy. In the Italian R&S department are now working more than 100 engineers.

Lyft

Corporate Round in 2018
Lyft is a transportation company that operates a mobile application designed to connect drivers with passengers seeking rides. Founded in 2013, it has become the second-largest ride-sharing service provider in the United States and Canada. The Lyft app allows users to request various types of rides, including private, shared, and luxury options, while also facilitating payment. In addition to ride-sharing, Lyft has expanded its services to include bike and scooter-sharing, promoting multimodal transportation solutions. The company primarily focuses on serving college, university, and corporate communities, and it enables riders to schedule rides up to seven days in advance.

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.

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 is an automotive supplier of latches, hinges and strikers, to help bolster its product portfolio and engineering capabilities in key regions.

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 Ltd.

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, originally founded as Argus Cyber Security Ltd., a global leader in mobility cyber security, provides DevSecOps, vehicle protection and fleet protection technologies and services for automotive and mobility manufacturers. PlaxidityX’s solutions ensure that vehicle components, networks, and fleets are secured and compliant throughout their life cycle. PlaxidityX innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 70 granted and pending patents. Founded in 2014, PlaxidityX is headquartered in Israel, with a global footprint in USA, Germany, France, Japan, Korea, Poland and India. Argus’ innovative methods and solutions are based on decades of cyber security and automotive research and have culminated in over 100 granted and pending patents. Founded in 2014, Argus is headquartered in Israel, with offices in USA, Germany, France, Japan, and Korea.

Getrag

Acquisition in 2015
GETRAG is worldwide system supplier of transmission systems for passenger cars and light commercial vehicles with around 13.500 employees spread across 23 sites.

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 is a head-up display and electronic components.

Techform Products Ltd.

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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