Ford Motor Company
Ford Motor Company is a prominent automobile manufacturer based in Dearborn, Michigan, founded by Henry Ford in 1903. The company produces a diverse range of vehicles, including cars, trucks, buses, and tractors, and sells them through dealerships for both retail and fleet customers, including government and rental agencies. In addition to manufacturing, Ford offers various automotive financing products through its subsidiary, Ford Motor Credit Company. These financial services include retail installment sale contracts, direct financing leases for new vehicles, and wholesale loans to dealerships for inventory purchases and facility improvements. Ford also provides insurance products, including coverage for vehicles in transit and extended service contracts. The company is committed to environmental sustainability and has initiated efforts in alternative fuel technologies, including electric and hydrogen-powered vehicles.
Past deals in Michigan
Cavnue
Series A in 2022
Cavnue develops road development systems optimized for autonomous and connected vehicles, designing the physical, digital, coordination, and operational infrastructure needed to accelerate the adoption of next-generation mobility. It analyzes and optimizes real-time road conditions, shares information across platforms, and provides proactive guidance to vehicles and drivers to improve access to affordable, high-quality public transit and shared mobility. The company is advancing a first-of-its-kind connected corridor in Michigan to demonstrate safer, less congested, and more sustainable transportation.
MCity
Venture Round in 2017
MCity is an autonomous vehicle research center located on the University of Michigan campus in Ann Arbor, Michigan. It serves as a unique testing facility that integrates early-stage research, real-world testing, and on-road vehicle deployments. MCty brings together industry, government, and academia to collaborate on advancements in transportation, focusing on enhancing safety, sustainability, and accessibility. The center is home to renowned researchers and provides an innovative urban environment for testing new mobility technologies, aiming to benefit society as a whole.
Argo AI
Funding Round in 2017
Argo AI, LLC is an artificial intelligence company focused on developing robotics and solutions for self-driving vehicles. Founded in 2016 and headquartered in Pittsburgh, Pennsylvania, with additional engineering centers in Detroit, Cranbury, New Jersey, Los Angeles, Palo Alto, and Munich, Germany, Argo AI aims to enhance safety and accessibility on roadways. The company employs over 1,800 people across the U.S. and Europe, working on the Argo Autonomy Platform, which supports autonomous ridesharing and goods delivery. Argo AI's technology encompasses software, hardware, mapping, and cloud infrastructure, enabling self-driving vehicles to operate efficiently. The firm also offers Ground Truth, a platform that provides insights into the development of autonomous driving technology. As a subsidiary of Ford Motor Company, Argo AI is dedicated to creating mobility solutions that benefit communities worldwide.
Livio Radio
Acquisition in 2013
Livio Radio, operating under Myine Electronics, LLC, specializes in designing and manufacturing electronic audio products. Founded in 2008 and based in Ferndale, Michigan, the company offers a range of Bluetooth Internet radio solutions for smartphones, including iPhones and Android devices, as well as car audio players for both personal and business use. In addition to its hardware, Livio Radio provides the Livio Connect API, a middleware framework that facilitates the interaction between hardware and various mobile phone applications. Its products are distributed through a network of retailers, resellers, and online platforms.
iBiquity Digital
Private Equity Round in 2009
iBiquity Digital is a company that develops and licenses HD Radio technology for both AM and FM audio and data broadcasting, operating within the United States and internationally. Founded in 1991 and headquartered in Columbia, Maryland, with additional offices in Basking Ridge, New Jersey, and Pontiac, Michigan, iBiquity's technology enables digital radio signals to coexist on the same frequencies as traditional analog broadcasts. This innovation allows for enhanced audio quality and additional data services for listeners. The company also offers products such as the Gigaware Navigation Control HD Radio Receiver accessory and a dedicated HD Radio application for iPhone and iPod touch users, facilitating access to HD Radio FM broadcasts.
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