Automotive Industry Leader Magna Calls For Startups To Apply By 31 July

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The global leading automotive supplier is looking for innovative European startups to join its Program “Leading Mobility”. Selected startups will have the possibility to work with Magna & develop their product.

Magna’s Startup Program “Leading Mobility” seeks startups and teams with an innovative approach to new mobility and connectivity. However, the program is not limited to startups from the automotive and mobility industries, it is open to all approaches as long as they could be leading mobility in the future.

“Great Potential In Europe’s Startups”

Previously, Magna’s VP Business Development, Corporate Engineering and R&D, Ian R. Simmons, pointed out that the company sees “great potential in Europe’s startups in terms of resources and technical skills”. To get to know these emerging technologies early on, the industry leader aims to work with startups and teams that share their vision.

Magna’s aim is to become a technology partner for startups and young teams and is actively looking for solutions in four categories:

  • Electrification: Electromobility will be an essential component of future mobility. Vehicles become more than just the vehicle – driving as efficiently and economically as possible.
  • Autonomous Driving: This objective refers to technologies which enable self-driving vehicles, including sensors, processors or other. Some functions include Adaptive Cruise Control & Advanced Parking Assistance.
  • Connectivity: Increased demand for connectivity and reliability calls for increased effort in the areas of urbanization, safety, and cybersecurity.
  • New Mobility: This is a great opportunity for technologies and services which offer improved quality, timing or cost of the mobility experience.

Especially interesting are solutions with the potential to differentiate Magna and extend its product portfolio. This can include sensors, feature development, and software when we talk about autonomous driving; new use cases and unique ideas for new mobility and manufacturing solutions such as advanced robotics and 3D printing.

Significant Amount Of Disruption In The Industry

As a company that is seeing a significant amount of disruption in the industry, Magna works to encourage startups and innovators from multiple industries to co-develop new industry standards. “Our aim is to work with the brightest entrepreneurs in the industry, help them bring their ideas to market, and continue providing must-have innovations to our customers,” mentions Simmons.

Magna isn’t new to working with startups: They partnered with the Israeli company Innoviz Technologies to integrate automotive-grade, solid-state LiDAR into their autonomous driving platform. The collaboration between the companies was very agile and quick and was awarded a LiDAR contract from BMW.

With another company, Rohinni LLC, Magna has formed a joint venture to produce ultra-thin micro LED lighting solutions that are brighter, lighter and more energy-efficient than alternative technologies such as OLED.

Apply for Leading Mobility by 31 July 2019 via the Startup Program’s website.




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