General Motors Ventures

Electrifying passenger and commercial travel

EV Economy

Addionics, a British next-gen battery-tech company, develops smart 3D electrodes for EV batteries by optimizing AI-based algorithms. The company states that its tech could improve the cost and performance of any EV battery. The company collaborated with leading automotive OEMs and suppliers in the US and Europe to integrate its technology with lithium-nickel-manganese-cobalt-oxide (NMC), lithium iron phosphate, silicon, lithium polymer battery chemistries, and solid state batteries.In <a href="https://sp-edge.com/updates/27236">February 2024</a>, Addionics reported a planned USD 400 million investment into its US manufacturing facilities to expand domestic EV battery production in the country. The new facilities will produce 3D copper foils to support 90 GWh of battery capacity, annually. The company’s first factory is set to begin production in 2027, with additional plants expected to come online in 2032.Key customers and partnershipsIn June 2022, Addionics <a href="https://sp-edge.com/updates/11083">partnered </a>with Blitz Motors, an Israel based smart electric moped manufacturer, to provide smart 3D electrodes and develop Li-ion batteries. In August 2021, Addionics partnered with the Center of Process Innovation (CPI) and the University of Warwick’s WMG to improve lithium-ion battery cell performance and manufacturing processes. In April 2021, Addionics also partnered with Saint-Gobain Ceramics, a manufacturer of materials for construction, mobility, healthcare, and other industrial segments to develop high-power, high-capacity solid-state batteries for EVs.Funding and financialsIn January 2022, the company raised USD 27 million in Series A funding. The proceeds were to be used to redesign existing battery architecture with Addionics’ Smart 3D Electrodes. The company planned to commercialize its solution by 2024.

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 SolidEnergy Systems (SES) is a lithium-metal battery developer and manufacturer of battery cells for EVs. SES hybrid Li-metal batteries replace the graphite anode with lithium-metal to improve energy density (to around 400 Wh/kg). SES also uses a hybrid electrolyte&mdash;the battery has a solid protective coating on the lithium-metal anode and a liquid in the cathode, unlike some solid-state batteries (Solid Power and QuantumScape) that are all-solid and free of any liquid. The company&rsquo;s battery is expected to enable a longer driving range (around 500&ndash;600 miles) and is also capable of reaching an 80% charge in under 15 minutes. In 2021, SES was the first company to introduce 100Ah Li-metal cells, globally.
 
 
 SES&rsquo; large format Li-metal EV and eVTOL cells known as &ldquo;Apollo&rdquo; can be customized for different OEM requests. As such, the company has begun pilot-scale manufacturing of 50Ah to 100Ah Li-Metal cells with GM, Hyundai, and Honda at their Shanghai (China) and Chungju (Korea) battery manufacturing facilities. The company aims to commercialize its batteries by 2025. SES 
 <a href="https://investors.ses.ai/news/news-details/2023/SES-to-Host-Battery-World-2023-and-Announce-Worlds-First-Automotive-B-sample-JDA-for-Li-Metal/default.aspx">
 expects
 </a>
 to establish the world&rsquo;s first B-sample Joint Development Agreement (JDA) with an automotive OEM in December 2023.
 
 
 &nbsp;
 Funding and financials
 
 
 In February 2023, SES received an undisclosed amount of cash grants from the South Korean Central Government. Prior to this in April 2021, the company raised USD 139 million in a Series D funding round led by General Motors, while in July 2021, it raised USD 100 million from Hyundai.&nbsp;
 
 
 SES was listed on NYSE through a SPAC merger in February 2022. The deal raised USD 275 million at a valuation of USD 3.6 billion. The proceeds were to be used to accelerate growth and fund key development initiatives.&nbsp;
 
 
 
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Nanoramic Laboratories (Nanoramic) develops nanocarbon-based solutions for energy storage devices. Nanoramic’s flagship product Neocarbonix is a next-generation advancement in lithium-ion battery electrodes. Nanoramic claims that Neocarbonix’s advanced 3D nanoscopic carbon binding structure increases the energy density of batteries by 30% (to 350 Wh/kg compared to existing highest-density batteries of around 250–270 Wh/kg in 2021) while lowering production costs by 20%. The innovative tech also enables batteries to be charged in less than 15 minutes, even in extreme environments. Nanoramic claims that battery manufacturers can utilize Neocarbonix to increase compatibility with the latest anode and cathode materials, such as nickel-rich NMC, silicon-based anodes, and solid-state electrolytes.&nbsp;Nanoramic also offers FastCap, an ultracapacitor for harsh environments, capable of operating in temperatures up to 150 C (302 F) and under conditions of high shock and vibration. This product is available in the market.Key customers and partnershipsIn May 2021, Nanoramic signed a non-binding letter of intent with the German lithium-ion battery and battery materials company UniverCell to collaborate and bring the Neocarbonix electrode technology to full commercialization. The two companies intended to adopt and integrate the electrode technology in UniverCell’s battery products and planned to jointly work toward developing next-generation lithium-ion batteries for mass-commercialization by Q4 2021.&nbsp;In October 2022, Nanoramic signed a Memorandum of Understanding with<a href="https://sp-edge.com/updates/14013"> Avesta Battery &amp; Energy Engineering</a> (ABEE) to collaborate in the future to develop and commercialize advanced Li-ion batteries and also established the intent for a strategic partnership and commercial license of Nanoramic’s Neocarbonix at the Core electrode technology. In April 2023, Nanoramic partnered with<a href="https://sp-edge.com/updates/17848"> General Motors</a> to focus on the joint development and application of Neocarbonix at the Core electrode technology for EV lithium-ion batteries.Funding and financialsNanoramic’s most recent funding was in <a href="https://sp-edge.com/updates/17848">April 2023</a>, when General Motors made an undisclosed investment in the company. Prior to this, in October 2021, it received an undisclosed investment from Fortistar. In May 2019, the company raised USD 8.5 million to commercialize Nanoramic’s FastCAP ultracapacitors.

<div>
 
 Soelect develops advanced solid-state lithium-metal battery components to power EVs, consumer electronics, power tools, and other applications. The company&rsquo;s key innovations are the LiX anode technology and solid electrolyte membrane (SEM) technology.&nbsp;
 
 
 Soelect states that its solid-state lithium-metal batteries would improve EV charging capabilities by 80%, reducing the charging time to 15 minutes. SEM developed by Soelect is polymer-based and free-standing, meaning it can be applied on any electrode material without sacrificing its ionic conductivity at various temperatures and voltages.
 
 
 Key customers and partnerships
 
 
 In April 2022, Soelect partnered with Lotte Chemical and announced the intention to invest USD 200 million in a joint venture to build a production plant in the US. The company also plans to use lithium mined in the US to eliminate dependence on other countries for raw materials.
 
 
 Funding and financials
 
 
 Soelect&rsquo;s most recent financing round was in 
 <a href="https://sp-edge.com/updates/8272">
 February 2022
 </a>
 , when it raised USD 11 million in Series A funding led by Lotte Ventures. The proceeds were to be used to develop and commercialize Soelect&rsquo;s technology. 
 
 
 
</div>

Autonomous and connected technologies shaping the future of the auto industry

Auto Tech

<div>
 
 Nauto develops advanced driver assistance systems (ADAS) for commercial fleets and autonomous vehicles on a software-as-a-service (SaaS) basis. Its products include predictive collision alerts, driver behavior alerts, self-guided coaching, manager-led coaching, incident reporting, on-demand videos, and 
 <a href="https://sp-edge.com/updates/22786">
 telematic capabilities for vehicle insights.
 </a>
 The solutions combine predictive artificial intelligence (AI), data science technologies, and more than 1 billion AI-analyzed video driving miles. The company claims to contribute to up to 80% reduction in distracted driving, collisions, and losses. Nauto is also reportedly the only AI-enabled platform that impacted driver behavior in real-time, which it claimed has led to the avoidance of 70,000+ collisions, resulting in a ~USD 300 million savings (as of February 2024).
 
 
 
 
 Key customers and partnerships
 
 
 The company had nearly 800 partnering customers worldwide as of February 2024. Its industry partners include Allianz, Toyota, SoftBank, Geotab, Orix, General Motors, BrightDrop, Herr Foods, and NAFA Fleet Management Association.
 
 
 
 
 Funding and financials
 
 
 <a href="https://sp-edge.com/updates/19529">
 In June 2023,
 </a>
 Nauto secured a strategic investment from Stellantis Ventures, the venture capital arm of automaker Stellantis, to extend its safety benefits to more light commercial vehicles and, eventually, to consumer vehicles.
 
 
 
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<div>
 
 AEye develops artificial intelligence (AI)-powered LiDAR for various applications, including vehicle autonomy, advanced driver assistance systems (ADAS), and robotic vision. The company&rsquo;s products include &ldquo;4SIGHT,&rdquo; a software-defined, solid-state LiDAR sensor for automotive applications. The company claims that 4SIGHT offers the industry&rsquo;s longest detection range with the ability to identify small obstacles at over 300m and a 128 degree horizontal field of view (FoV). 4SIGHT uses adaptive LiDAR sensors as opposed to traditional sensors that passively collect data. AEye&rsquo;s next gen product 
 <a href="https://sp-edge.com/updates/24047">
 &ldquo;4IGHT Flex,&rdquo;
 </a>
 is an ultra-compact, high-performance LiDAR for in-cabin autonomy and safety features. It comes with a 120 x 30-degree FoV, high resolution, and a detection range of up to 275 meters. The company 
 <a href="https://sp-edge.com/updates/14502">
 launched a new 4Sight product line
 </a>
 in November 2022, which it claims was built on a high-performance adaptive LiDAR platform. In 
 <a href="https://sp-edge.com/updates?industryIds=70">
 March 2024
 </a>
 , AEye announced the launch of Apollo, the first product in the 4Sight Flex Lidar series. As of July 2023, AEye held 120 patents for its technology solutions.
 
 
 
 
 The company&rsquo;s business model also involves licensing software sensing platforms to automotive partners and outright sale of software-configured hardware products in partnership with system integrators in industrial markets.
 
 
 
 
 Key customers and partnerships
 
 
 The company began has been producing and supplying its sensors since late 2021, in partnership with electronic solutions provider LITEON Technology Corporation 
 <a href="https://sp-edge.com/updates/29284">
 (May 2024),
 </a>
 electronics manufacturer Sanmina Corporation (July 2021), German automotive parts manufacturer Continental (October 2020), simulation software provider Ansys (January 2020), and other system integrators. Its customers include Nvidia (July 2020), Continental (August 2021), and autonomous trucking company TuSimple (July 2021).
 
 
 Funding and financials
 
 
 AEye generated revenue of USD 1.5 million and reported an operating loss of USD 87.8 million during the year ended December 2023. The company has been listed on Nasdaq since August 2021, via a merger with a special purpose acquisition company (SPAC), which valued the combined entity at USD 1.52 billion (May 2021).
 
 
 
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Ensuring the right people access the right resources at the right time

Identity & Access Management

<div>
 
 Silverfort provides a Unified Identity Threat Protection platform that delivers Identity Threat Detection and Response (ITDR) and Identity Threat Prevention (ITP) capabilities. The platform operates as a unified layer on top of a customer's existing Identity and Access Management (IAM) infrastructure, including both modern and legacy solutions.
 
 
 Silverfort's technology achieves protection without requiring modifications to the customer's endpoints, servers or applications. It enables customers to extend security controls such as Multi-Factor Authentication (MFA) from any vendor to previously unsupported resources and environments. The platform also allows customers to consolidate their hybrid IAM stack by combining legacy systems and protocols into modern identity platforms like Azure Active Directory.&nbsp;
 
 
 Funding and financials
 
 
 In January 2024, Silverfort raised USD 116 million in a Series D funding round led by Brighton Park Capital, with participation from Acrew Capital, Greenfield Partners, Citi Ventures, and General Motors Ventures, among others. The funds were earmarked to expand its platform with new product modules and accelerate its go-to-market strategy.
 
 
 
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<div>
 
 Keyfactor, formerly Certified Security Solutions (CSS), is a leading provider of secure digital identity management solutions that enables organizations to confirm authenticity, and ensure the right things are interacting in the right ways in our connected world.
 
 From an enterprise managing millions of devices and applications that affect people&rsquo;slives every day, to a manufacturer aiming to ensure its product will function safely throughout its life cycle, Keyfactor empowers global enterprises with the freedom to master every digital identity. Its clients are the most innovative brands in the industries where trust and reliability matter most.
 
</div>

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

MycoWorks is a manufacturer of alternative leather using mushroom-based fungi. Its proprietary brand, Reishi, is manufactured using a patented process called “Fine Mycelium”, which uses fungi’s capacity to bind to itself and carbon-based materials in producing durable three-dimensional material. The benefits of Reishi, according to MycoWorks, include its tensile strength (the force needed to pull material to its breaking point) at 10 Megapascals (MPa), compared to the average cowhide tensile strength of 8.5 MPa. Reishi is also customizable (in terms of sizing and specifications) allowing growing direct-to-design products that eliminate waste from cutting and trimming.Mycoworks operates three Reishi plants as of January 2022. The third plant in California has an annual production capacity of 80,000 sq ft of material per year, increased the company’s production tenfold, and reportedly reached a milestone of producing 10,000 trays of Fine Mycelium after a year of operation. The company is also building a new USD 107 million worth manufacturing facility in Union, South Carolina, with operations expected to commence in 2023. The new facility reportedly is expected to produce several million sq ft of Fine Mycelium per year. In August 2023, the company announced opening a <a href="https://sp-edge.com/updates/20757">136,000 square foot plant </a>&nbsp;which will produce Reishi that has been embraced by luxury brands like Hermès and Ligne Roset for various applications and was expected to begin operation on September 20, 2023.Reishi remains in the prototype development and testing phase. The company announced that the material is currently being tested in clothing, shoe, wallet, and handbag design. Key customers and partnershipsThe company indicated in November 2020 that the first luxury fashion and footwear products containing Reishi will be launched in partnership with leading fashion and footwear brands in the coming months. MycoWorks also partnered with Hermès, the French luxury goods manufacturer, in March 2021 to use a material named “Sylvania”(a Fine Mycelium-based material developed by the two companies over three years) in a sustainable version of Hermès’s “Victoria” travel bag, by the end of 2021. In <a href="https://sp-edge.com/updates/24584">November 2023</a>, the company partnered with YUME YUME for interactive Reishi-based installation at Stedelijk Museum. Funding and financials<a href="https://sp-edge.com/updates/7804">In January 2022</a>, MycoWorks raised USD 125 million in a Series C funding round led by Prime Movers Lab. The funding was expected to accelerate commercial production of Reishi and support in R&amp;D, technology development, and hiring new employees.

Moving industry forward with next-gen advancements in energy storage and transmission

Alternative Energy

Wind Catching Systems is a Norwegian company developing floating offshore wind-catching technology. The company’s floating wind power plants are designed for ease of operations and maintenance, with all heavy operations performed on deck without the need for specialized vessels or cranes. All floating units are connected to an integrated substation in the “mother vessel,” which is responsible for exporting the generated power to land.According to the company, one of its wind-catching units produces enough electricity to power approximately 80,000 European households, while five units can produce the same amount of electricity as 25 traditional turbines. While conventional turbines are limited to an output of 11–12 m/s, by using full energy at higher wind speeds combined with the multirotor effect, Windcatcher is claimed to generate 2.5x more annual energy per swept area. Furthermore, due to having 2x more swept area compared to a traditional 15 MW wind turbine, a Windcatcher unit is said to generate 5x the annual energy production. Commercial installations of Windcatchers were slated for 2027.Key customers and partnershipsAibel, an engineering company servicing gas, oil, and offshore wind industries acts as the main engineering contractor for Wind Catching Systems. Other partnerships formed for the development of wind-catching systems include Institute for Energy Technology, Innovation Norway, and Celsia.Following its Series A funding round in June 2022, Wind Catching Systems and General Motors entered a strategic agreement to collaborate on technology development, project execution, offshore wind policy, and the advancement of sustainable technology applications.In March 2024, Wind Catching Systems entered into a contractual agreement with Axess to carry out a concept engineering study of its turbine handling system.Funding and financialsIn June 2022, the company raised USD 10 million in a Series A funding round led by GM Ventures with participation from Ferd AS, North Energy, and Havfonn AS. The new funding was to be deployed toward further development and commercialization of the company’s technology.

Reinforcing recycling, rerouting refuse, and reducing wasteflows

Waste Recovery & Management Tech

Lithion Technologies (formerly Lithion Recycling) is a Canadian lithium-ion battery recycling company that uses a <a href="https://www.lithiontechnologies.com/nouvelles/recyclage-lithion-obtient-un-brevet-pour-son-procede-unique-de-recyclage-de-batte">patented</a> hydrometallurgy recycling process to safely dismantle lithium-ion batteries and produce battery-grade materials. The company’s technological process allows 95% of the batteries’ components such as cobalt, lithium, and graphite to be recovered and be reused by battery manufacturers.In May 2023, the company advanced the construction of its <a href="https://sp-edge.com/updates/18470">first commercial</a> critical mineral extraction plant in St-Bruno-de-Montarville, Canada, capable of processing over 20,000 metric tons of lithium-ion batteries per year, and became operational in <a href="https://sp-edge.com/updates/30555">May 2024</a>. This will be followed by the construction of a hydrometallurgy plant to separate the concentrate produced in the extraction plant into its components, producing battery-grade lithium, cobalt, and nickel from over 30,000 metric tons of black mass per year, with commissioning planned for 2028. Lithion also has several plant projects underway in the United States, Europe, and Korea.Key customers and partnershipsIn March 2021, Lithion Technologies partnered with Hyundai Canada for the recovery and recycling of high-voltage batteries from certain of its hybrid, plug-in hybrid and electric vehicles. In June 2021, the company partnered with Nouveau Monde, a company developing advanced carbon-neutral graphite-based materials solutions, for recycling graphite to reuse it as anode material in lithium-ion batteries. In addition, the company also entered into a product development partnership with Call2Recycle (October 2021), a North American company focused on battery collection and recycling, to develop a full-service management solution to recycle EV batteries across North America. In January 2022, Lithion partnered with IS Dongseo Company to grant an operating license for its lithium-ion battery recycling technology in the Korean market.Funding and financials<a href="https://sp-edge.com/updates/8010">In January 2022</a>, the company closed the initial Series A round, potentially raising up to CAD 125 million, led by IMM Investment Global Limited. The funds were intended for constructing and commissioning the first commercial dismantling and grinding plant in Quebec, opening a technology development center, and completing engineering studies for a hydrometallurgy plant in Quebec. In September 2022, Lithion received an undisclosed investment from GM Ventures as part of its Series A financing round. In April 2022, the company received funding of USD 22.5 million from the Government of Quebec, comprising a USD 15 million investment in the company's share capital and a USD 7.5 million grant to deploy the three main phases of its industrialization plan.

Technologies bringing about a new reality

Extended Reality

Envisics operates a dynamic holographic platform that combines technologies like computer vision, machine learning, big data analytics, and navigation to develop its augmented reality head-up display (AR HUD) catering mainly to the automotive sector. With the use of custom silicon modulator designs and patented light-processing algorithms, its HUD enables the overlay of real-time information on dashboards to drivers with features such as mapping, navigation guidance, and hazard warnings.According to its CEO, Jamieson Christmas, Envisics’ technology is unique because it electronically manipulates the speed of light to create holographic images in 3D, leading to better resolution, ultra-wide color, and the ability to create several images at multiple distances (2–100 meters) simultaneously. Envisics also claims that its product is 40% smaller and 50% more energy-efficient than conventional HUDs, which it argues is essential in the age of electric vehicles).In June 2023, the company opened up an office in Germany and Japan to enable it to partner more closely with automakers and suppliers located in the respective regions.Key customers and partnershipsIn January 2021, it partnered with Panasonic Automotive Systems to jointly develop and commercialize a new generation of head-up displays for cars, trucks, and SUVs. Moreover, Envisics is working with car manufacturers to integrate its holographic technology in vehicles and initially focused on luxury market models such as Jaguar Land Rover. As of October 2020, it had installed its technology in 200,000 cars from Jaguar Land Rover.Funding and financialsEnvisics raised USD 50 million for its first tranche of its extended Series C funding in <a href="https://sp-edge.com/updates/18619">March 2023</a>, in a round led by Hyundai Mobis. Additionally, the company raised an additional USD 50 million as the second tranche of this funding round in <a href="https://sp-edge.com/updates/21527">August 2023</a>.Funds were earmarked for product development and international expansion efforts.

Information to create a more efficient, cleaner and safer way to travel in the city of the future

Smart Mobility Information

<div>
 
 Nauto provides an AI-powered driver and fleet safety platform. The platform applies computer vision and proprietary algorithms to its AI-enabled dual-facing dash camera. This monitors driver behavior and vehicle surroundings to predict high-risk events and send real-time in-vehicle alerts (IVA) to prevent pedestrian collisions, speeding and intersection violations, and distracted driving. In November 2019, the firm introduced self-coaching tools for drivers to improve distracted driving and manager-led coaching modules for commercial fleet managers. The firm claimed its tools had helped reduce distraction events by more than 35% on average. 
 
 The firm claimed to be the only AI-enabled platform that impacted driver behavior in real-time, which it claimed has led to the avoidance of 70,000+ collisions, resulting in a ~USD 300 million savings. 
 
 
 In November 2021, Nauto introduced a driver drowsiness detector system that monitors real-time multiple drowsiness indicators such as yawning, blink rate, drooping shoulders, etc. which will trigger in-vehicle alert (IVA) systems when a certain threshold is reached. 
 
 
 Key customers and partnerships
 
 
 
 As of February 2022, Nauto&rsquo;s platform was used by 800+ brands including Allegiant, Flexibus, Sprint, Edge, Phillips. 
 
 
 Funding and financials
 
 
 
 <a href="https://sp-edge.com/updates/19521">
 In June 2023,
 </a>
 Nauto secured a strategic investment from Stellantis Ventures, the venture capital arm of automaker Stellantis, to extend its safety benefits to more light commercial vehicles and, eventually, to consumer vehicles. The firm has also attracted investor interest from automakers like General Motor Ventures, Toyota AI Ventures, and BMW iVentures. It is believed that the firm's data can be leveraged for the development of self-driving cars in the future.
 
</div>

Additive manufacturing makes objects by systematically adding material via a CAD program

Additive Manufacturing

<div>
 
 Seurat Technologies offers a metal additive manufacturing (AM) solution known as &ldquo;Area Printing,&rdquo; focusing on automotive, aerospace, energy, and consumer electronics industries. This technology splits a single laser beam into as many as 2.3 million beams to weld metal powder. Each laser beam picks a spot to weld, making parallel production possible. The company claims its tech increases production rates by 10x relative to incumbent solutions in the market. Seurat does not sell 3D printers and operates through the Area Printing Production (APP) program, which prints qualified parts at the company&rsquo;s localized production centers or partner centers closer to the customer. The first print depot was planned to be established at Seurat Technologies&rsquo; global headquarters in Wilmington, Massachusetts, with plans to establish more. The company aims to reduce the environmental impact of manufacturing by using green energy in its factories.
 
 
 Key customers and partnerships
 
 
 As of October 2023, the company had six letters of intent (LOIs) totaling 4,000 tons of material.&nbsp;
 
 
 In May 2023, Seurat Technologies, partnered with 
 <a href="https://sp-edge.com/updates/18171">
 Siemens Energy
 </a>
 to 3D print 59 tons of metal components for its turbines.
 
 
 Funding and financials
 
 
 In October 2023, Seurat Technologies raised 
 <a href="https://sp-edge.com/updates/23254">
 USD 99 million
 </a>
 in a series C round led by Capricorn Investment Group. The funds were expected to be used to scale up production capabilities and deploy printing factories near customer sites worldwide, reducing emissions from transportation and logistics while reshoring supply chains.
 
</div>

Riding together toward a sustainable future

Shared Mobility

Turo is a peer-to-peer car sharing marketplace that allows car owners to rent out their personal vehicles to others. Founded in 2010, the company has expanded rapidly, operating in over 9,500 cities across the US, Canada, the UK, France, and Australia as of June 2022. Turo's platform offers a vast selection of vehicles, with over 250,000 active vehicles listed by 125,000 active hosts as of June 30, 2022.
The service provides an alternative to traditional car rental companies, allowing users to rent unique cars from local hosts at affordable rates. Turo's business model eliminates the costs associated with owning and maintaining large fleets, enabling hosts to earn extra income by sharing their underutilized personal vehicles. Guests can book any car they desire, from compact sedans to luxury sports cars, through Turo's user-friendly website or mobile app.
Turo's platform utilizes a dynamic pricing system, where hosts set their rental rates based on market demand. The company generates revenue by taking a commission from each rental transaction, typically ranging from 10% to 40% of the total rental fee, depending on the protection plan selected by the host. In addition to rental fees, guests may incur additional charges such as trip fees, young driver fees, and optional extras like unlimited mileage or prepaid refueling.
In April 2022, Turo confidentially filed for an initial public offering (IPO), indicating its intention to become a publicly-traded company. The company's revenue surged 207% year-over-year to USD 330.5 million in the first nine months of 2021, driven by an increase in the number of days booked and higher gross booking value per day. However, Turo reported a net loss of USD 129.3 million during the same period.

Travel Tech

Turo (formley RelayRides) is a car-sharing marketplace that allows owners to lease their cars through its platform. Hosts can list their vehicles, manage availability, and adjust prices to respond to market demands. Renters have the ability to search for vehicles based on location, type, price, intended use, and other criteria to find the ideal car for their needs. The platform features integrated messaging, payments, and fraud detection, as well as the “Turo Risk Score” introduced in April 2020 to implement real-time, risk-based trip fees. Renters can access a wide range of vehicles including trucks, vans, minivans, and SUVs, in over 9,500 (June 2022) cities across the US, Canada, and the UK.Turo generates revenue through commissions charged based on the total trip price, varying from 2.5-100%, a flat fee of USD 15 and value-added services fees for additional services, such as protection. Turo had more than 125,000 active hosts and 250,000 active vehicles (as of June 2022) and 1.3 million active guests (as of September 2021).Turo also announced expansions into France—which coincided with the acquisition of its competitor, OuiCar, with the hopes of assimilating OuiCar under the Turo umbrella in the future—and Australia (including Sydney, Perth, Melbourne, and Brisbane) in 2022. Turo was backed by Daimler (now known as Mercedes-Benz Group) in its USD 90 million Series D funding round in 2017. At the same time, it took over Daimler’s car-sharing business, Croove, which initially launched in Germany in 2016, but was shut down in 2020.Key customers and partnershipsIn&nbsp;<a href="https://sp-edge.com/updates/33358">August 2024</a>, Turo entered into a multi-year partnership with Uber to integrate Turo's vehicle selection into the Uber app. Previously in May 2022, Turo joined forces with Capital One, allowing credit card holders to receive enhanced rewards when making bookings through Turo. Other partners include Delta Airlines, vehicle and driving data business IMS, Auto Rental ETC, Michelin Guide, and the Quebec Electric Vehicle Association.&nbsp;

Next-gen Displays

Novasentis is a company specializing in haptic technology, particularly in the development of piezo haptic actuators. The company's products are designed for use in various applications including mobile terminals, wearable devices, automotive, and other sectors. Novasentis focuses on creating piezo film haptic actuators, which are part of the broader haptics technology market. This technology enables devices to provide tactile feedback to users, enhancing the overall user experience across different types of electronic devices. Novasentis' haptic solutions are part of a growing market that includes components such as actuators, drivers, controllers, and haptic software. The company's technology contributes to the tactile responsiveness in devices, allowing users to feel vibrations or other sensations when interacting with electronic interfaces.
Key customers and partnerships
Novasentis operates in a competitive market alongside other companies in the haptics and piezo actuator space. Its technology caters to industries such as automotive, medical, mobile terminals (including smartphones and tablets), home appliances, and wearable devices. The company's focus on these diverse sectors suggests a broad customer base across multiple industries that require advanced haptic feedback solutions in their products.

Addionics is creating next-generation batteries through intelligent 3D battery architecture and engineering.  It provides specialized improved rechargeable batteries by redesigning their architecture. With the largest markets in mind, the company invents new energy storage with higher energy density, lower charging time, and improved heat safety. Addionics is developing a new technology that transforms how energy is stored and delivered, positively impacting the environment. Today, the company is accelerating the development and scale-up of its proprietary technology to create the next generation of batteries to power the future. It provides specialized improved rechargeable batteries by redesigning their architecture.

Yoshi delivers gas, oil changes, car washes, and anything else your car needs, while it’s parked so they can keep moving. Yoshi’s mission is to keep vehicles moving in the safest, most efficient, and planet-friendly way possible while delivering unparalleled customer service.  Yoshi was founded in 2015 and is based in San Francisco, California.

Neural Propulsion Systems is an Artificial Intelligence (AI) company. The company was founded in 2017 and is headquartered in Pleasanton, California.

GeoPura currently provides hydrogen power to Balfour Beatty, HS2, National Grid and the BBC among other sustainability-driven customers, replacing traditional diesel generators with its Hydrogen Power Unit (HPU) technology.

Silverfort offers a revolutionary agentless and proxyless authentication platform for enterprises. It extends Multi-Factor Authentication, Risk-Based Authentication and Zero Trust policies in a unified, AI-driven manner across all corporate users, devices and systems, both on-premise and in the cloud, without requiring any modifications to endpoints and servers. That includes systems that couldn't be protected before, such as homegrown applications, legacy systems, IT/OT infrastructure, file shares, command-line tools, machine-to-machine access (service accounts) and more. Silverfort allows companies to detect and prevent identity based attacks (including account compromise, lateral movement, brute force, password spraying and more), achieve compliance with regulations like PCI DSS, NIST and HIPAA, and securely migrate servers and applications to the cloud without modifying them.

Permanent magnets are essential components in various technologies, including electric vehicles, wind turbines, and many electronic devices. Niron Magnetics focuses on creating high-performance, rare-earth-free magnets. This is significant because traditional rare-earth magnets, which often use materials like neodymium and dysprosium, can face supply chain challenges due to the limited availability of these elements. By developing alternatives to traditional rare-earth magnets, Niron Magnetics aims to address issues related to material scarcity, cost, and environmental concerns. Their innovations could contribute to the sustainability and reliability of technologies that rely on permanent magnets. Niron was founded in 2014 as a spinout of University of Minnesota and is based on technology that has received the support of ARPA-E, the National Science Foundation (NSF), and the Department of Energy Office of Basic Energy Sciences.

Seurat Technologies is transforming manufacturing for people and our planet. Area Printing by Seurat is the next generation of 3D metal printing designed for high-volume, decarbonized industrial production. By decoupling resolution and speed, Seurat is creating a scalable process that can compete with traditional manufacturing in every way. Seurat’s pioneering approach was originally developed at Lawrence Livermore National Laboratory (LLNL) and has over130 patents granted and pending.

UVeye is a computer vision company that creates automatic inspection systems for vehicles since 2016. The systems provide complete visibility and enhanced customer experience scanning the underbody, tires, and complete exterior of any type of vehicle within seconds while utilizing a unique combination of machine learning and artificial intelligence algorithms. The company has installed systems in over 200 sites including dealerships, auctions, and fleets all across the world. During 2022 both Volvo Cars and General Motors have announced national programs to incentivize their dealer networks to install UVeye for both services and used car applications. Some of the issues detected by the system include oil leaks, rust, paint scratches and dents, tire issues such as side-wall damage or low tread depth, uneven wear which could lead to an alignment, missing parts, broken parts, and exhaust-system issues.  UVeye is backed up by strategic investors such as Carmax, Volvo Cars, Toyota Tsusho, Hyundai Motor Cars, General Motors, and W.R. Berkley. Additional information is available at www.uveye.com.

Established in 2016 to extend the use of nanomaterials into new markets, Nanoramic® Laboratories is the exclusive designer, manufacturer, and licenser of Neocarbonix™ electrodes, Fastcap® Ultracapacitors and Thermexit™ thermal interface gap filler pads.  Nanoramic was born from the research and development of world record high temperature ultracapacitor technology funded by NASA, the Department of Energy, and the Department of Defense.   Now Nanoramic is commercializing this technology to revolutionize growing industries like electric vehicle batteries and consumer and industrial electronics. Nanoramic’s predecessor, FastCAP Systems (now FastCap Ultracapacitors), was founded in 2009 by two PhDs from MIT.  The company received sizable government grants leading to the development of the only ultracapacitors capable of operating in temperatures up to 150°C and under conditions of high shock and vibration.  The FastCap Ultracapacitors family of products has since expanded to include wide temperature range lithium-ion capacitors, structural ultracapacitors, and the only reflowable, low ESR, slim profile ultracapacitor on the market. The hard work required to develop energy st orage for such extreme environments drove our engineers to develop Neocarbonix, an electrode platform for rechargeable Li-ion batteries, Li-ion capacitors, and supercapacitors that would outperform all competitors. In addition to Neocarbonix and FastCap Ultracapacitors, the Nanoramic product family includes Thermexit. Thermexit is a line of high-end thermal interface gap filler pads. Thermexit gap fillers are a non-reactive, non-silicon, no cure system featuring high thermal conductivity and high thermal stability.  Our culture of transparency, empowerment, disciplined thinking, and experimentation is what drives us to build world-class technology

ENVISICS branded technology harnesses the power of holography and laser-based light sources to provide the highest possible image quality. The advancement of ENVISICS branded technology has the opportunity to transform automotive displays and revolutionize the in-car experience. In partnership with the world's leading automakers and tier-one suppliers, Envisics is making the future of holographic technology a reality for smarter and safer vehicles.

Founded in 2016, and based in Austin, TX, RapidDeploy is the leading cloud-native platform for public safety. We provide Next Generation 911 solutions that deliver intelligent information throughout the emergency response journey, empowering agencies and first responders to drive better outcomes in mission-critical situations. With a curated partner network, our platform combines mobile signals, critical datasets, and call information into a single operating system, improving emergency response with location accuracy, situational awareness, modern communications, and actionable insights. Our products improve outcomes and ultimately save lives.

MycoWorks is a biotech company that provides non-plastic and non-animal materials to the market. Their mycelium products provide natural alternatives to plastic foams, textiles, and leather. Their products are made from bio-materials using fungal mycelium to create energy-efficient and biodegradable alternatives to plastic foams, synthetic textiles, engineered woods, and leather for use in aerospace, automobiles, apparel, and architectural interiors.

OneD Battery Sciences is a nanotechnology startup specializing in adding silicon to electric vehicle batteries. The startup's SINANODE is the silicon anode technology platform that increases EV battery performance while lowering the cost. It also increases the amount of energy-dense silicon in EV battery anodes. The company runs a SINANODE pilot production program to help its industrial partners develop advanced electrochemical cells and scale up production. OneD Battery Science was founded in 2013 and is based in Palo Alto, California.

Lithion Recycling is a Company that allows environmentally responsible and economically viable management of lithium-ion batteries.

Wind Catching Systems is an energy company that uses floating wind as a competitive energy source. Its multi-rotor floating wind technology takes a novel approach to harvesting the vast wind resources found in deep-water ocean areas. Offshore wind operators and developers will be able to produce electricity at a cost competitive with other energy sources without the need for subsidies. The company is currently working on floating multi-turbine technology. In comparison to conventional floating offshore wind farms, the technology is expected to reduce acreage use by more than 80% and increase efficiency significantly.

Soelect creates cutting-edge engineering solutions for anode technology and solid-state electrolyte materials, enabling safe, high-energy-density batteries for use in electric vehicles, portable electronics, power tools, drones, aircraft, spacecraft, and tactical defense equipment. Soelect's LiX technology is a lithium metal anode for fast charging of all advanced and solid-state batteries.

Oculii is creating a next-generation AI software platform for radars that’s exponentially higher resolution, longer range, more accurate, and less expensive than conventional solutions – increasing safety and reliability. The promise of autonomous vehicles depends on high-performance, all-weather, low-cost and scalable perception technology, and Oculii is bringing it to the world.  Oculii's AI software amplifies the resolution of any radar platform, enabling high performance perception for the next generation of autonomous systems. Traditional phased array radars have been used for decades and follow a strict size for performance tradeoff - the larger the sensor aperture, the higher the angular resolution. Oculii’s Virtual Aperture Imaging radar technology fundamentally breaks this tradeoff - enabling its sensors to trade increased compute/processing for angular resolution enhancement with the same physical aperture. Leveraging this technique enables Oculii sensors to extract unprecedented accuracy, range, and 4D positioning information from commodity off the shelf low-cost radar elements, bringing high resolution radar imaging to the next frontier.  Oculii is backed by some of the top investors and corporations from Silicon Valley, and is working with the leaders in Self Driving Vehicles, Robotics, and Drones - helping them deliver on an autonomous future with an advanced, robust, affordable perception platform.

AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure and logistics applications that save lives and propel the future of transportation and mobility. AEye’s 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye’s 4Sight™ products, built on this platform, are ideal for dynamic applications which require precise measurement imaging to ensure safety and performance. AEye has a global presence through its offices in Germany, Korea, and the United States.

Algolux is an award-winning AI software company delivering the industry’s most robust and scalable perception for all conditions, addressing both existing cameras and new designs through cloud-based tools and embedded software.  The company was founded on groundbreaking research at the intersection of deep learning, computer vision, and computational imaging. Our computer vision and image optimization solutions address the mission-critical issue of safety for automotive ADAS, autonomous vehicles, fleets, autonomous mobile robots, and video security.

Method Media Intelligence offers comprehensive digital ad measurement to ensure validity, measure viewability, and support brand safety and suitability, while covering every transaction and respecting user privacy. For inquiries, telephone and contact numbers are used.

Spring Labs they supports industries like healthcare and media with measurements like P2P (peer-to-peer), Spring, and white-labeled hosting.

Keyfactor, formerly Certified Security Solutions (CSS), is a leading provider of secure digital identity management solutions that enables organizations to confirm authenticity, and ensure the right things are interacting in the right ways in our connected world. From an enterprise managing millions of devices and applications that affect people’s lives every day, to a manufacturer aiming to ensure its product will function safely throughout its life cycle, Keyfactor empowers global enterprises with the freedom to master every digital identity. Its clients are the most innovative brands in the industries where trust and reliability matter most.

Proterra designs and manufactures zero-emission, heavy-duty electric vehicles, enabling bus fleet operators to significantly reduce operating costs while delivering clean, quiet transportation to local communities across North America. The company’s configurable Catalyst platform is designed to serve the daily mileage needs of a wide range of transit routes on a single charge. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. Proterra's revolutionary battery-electric transit vehicles help fleet operators abandon fossil fuels, improve environmental quality, and reduce operating costs. Together with their customers, they have prevented more than 55 million pounds of greenhouse gases from escaping into the atmosphere and avoided burning some 2 million gallons of fuel. The company was established in 2004 and is based in Burlingame, California, USA.

NanoSteel is an advanced materials company specializing in the design and commercialization of patented steels with exceptional mechanical properties derived from their nano-scale microstructure. The Company's primary focus is proprietary alloys for use as sheet steel in automotive light-weighting applications. It has developed multiple generations of ferrous materials innovations including metallic coatings, additive manufacturing powders, and sheet steel protected by over 300 patents filed and granted worldwide.  NanoSteel’s nanostructured steel designs are providing next-generation performance across a wide range of global industrial markets. The company alloys are proven in oil & gas, mining, cement, concrete, and power industries. The recent advanced high strength steel (AHSS) sheet material is poised to redefine how steel is used in the automotive industry.

For more than 20 years GeoDigital International has been providing utilities and other distributed asset customers with mission critical, geospatial information management solutions. With one of the largest fleets of airborne/mobile LiDAR and digital imaging sensor systems in North America we can collect and process data under the most challenging project schedules and conditions.

SolidEnergy manufactures rechargeable cells at a pilot scale for prototype demonstration and specialized aerospace markets.  But their real future lies in the materials they supply—anodes and electrolyte—for mainstream markets such as consumer electronics and electric vehicles. They supply these to large Li-ion cell manufacturers to be integrated with a separator and cathode into full cells which can be customized for different applications including drones, consumer electronics, and electric vehicles. Because their anode and electrolyte materials are compatible with existing Li-ion cell manufacturing processes, they can achieve scalability by using existing infrastructure. This eliminates the need for costly infrastructure investment. It’s all part of their open ecosystem. It means a more seamless end-user experience, faster prototyping, and no limits to growth.

Founded in 2009, MapAnything is a location services company for your Salesforce data. Its mission is to become the world’s leading business platform for “Where” software.    MapAnything provides a suite of “Where” apps and platform services to drive productivity and planning across multiple use cases.   With more than 1,400 customers globally, ranging in all sizes and industries from small businesses to international enterprises, MapAnything is a Gold Salesforce App Innovation Partner.     It is the recipient of Ventana Research’s 2016 Technology Innovation Award for Location Analytics and has been named a Customer’s Choice – Highly Reviewed App by users of Salesforce.

Ushr, Inc. is shaping the evolution of autonomous vehicle navigation by providing the most precise, high-definition mapping technology and software for autonomous vehicles on the market today. By interpreting and communicating street view navigation, Ushr enables autonomous vehicle passengers to travel from Point A to Point B as safely and as efficiently as possible. Founded in June of 2017, Ushr is a spin-off of GeoDigital, Inc. and is based in Detroit.

Tula is driven by an overriding passion to increase efficiency and improve the environment. With more than 320 patents for multiple technologies issued or pending – and a combined 450 years of engineering work behind them – we’re focused primarily on applications for passenger automobiles and commercial heavy-duty trucks powered by gasoline, diesel, alternative fuels and electricity. Our approach to improving efficiency really sets us apart. We come at it with software solutions, not hardware, and we deliver proven results with one million vehicles on the road using our technologies to decrease harmful emissions and increase fuel savings. But we’re not stopping there. We’re exploring efficiency in other means of mobility, robotics, e-aviation and industrial machinery. Tula drives efficiency.

Strobe aims to speed up the adoption of the autonomous vehicle by introducing high performance, cost efficient solutions. The company was founded in September 2014 and is based in Pasadena, California. Strobe advances the adoption of the autonomous vehicles by introducing high performance, cost efficient LiDAR solutions.

Nauto is an AI technology company that’s improving the safety of commercial fleets today and the autonomous fleets of tomorrow. Nauto’s intelligent driver safety system assesses how drivers interact with the vehicle and the road ahead to reduce distracted driving and prevent collisions. Nauto’s intelligent driver safety system assesses how drivers interact with the vehicle and the road ahead to reduce distracted driving and prevent collisions. With this knowledge, Nauto is powering the development of self-driving technology that brings the best of human driving to autonomy.

SDCmaterials is a privately held company that was founded in 2004 with a vision centered on Revolutionizing Materials Engineering. Their corporate mission is to create novel, high value, nano‐enhanced products that are easily integrated into Their customers’ manufacturing processes.  The company’s primary focus is emission control catalyst ingredients for the automobile industry. SDC has developed proprietary catalytic materials fabrication and integration processes that are enabling step‐function improvements in the performance efficiencies of the underlying precious metals that are key to emissions control.

Alphabet Energy, Inc. is commercializing a breakthrough, inexpensive waste heat recovery technology developed at the Lawrence Berkeley National Laboratory. Our revolutionary thermoelectric approach and materials platform is the only of its kind that lends itself to massive scale at low cost. With our products, made entirely from sustainable materials, customers may use their waste heat to generate electrical power in the range of microwatts to megawatts.

Delta ID offers biometric products and applications for identity enrollment and authentication. It develops and creates an iris recognition system for mobile phones, computers, and vehicles. Delta ID was founded in 2011 and is headquartered in Newark, California.

feezu.cn was established in November 2014 ,located in Beijing. As the car sharing company in the world and a National High-tech Enterprise, feezu.cn provides partners with full package of hardware and software systems which are fully self-developed also helps partners to realize large scale of commercialization of car sharing rental.

Sirrus develops innovative monomer platforms that serve as the foundation for the next generation of adhesive, sealant, coating, ink and plastic solutions. The company’s team of scientists and engineers collaborates with customers across a wide range of industries on chemical formulations that enhance efficiency, reduce energy consumption and costs, and improve performance.

Envia Systems is a technology leader in high performance, low cost energy storage solutions using lithium ion batteries. Their disruptive products will enable widespread adoption of clean energy applications such as electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles.

Our vision is a world where intelligent machines work hand-in-hand with people to advance the collective intelligence of the human species and bring about positive social and economic impacts.  We’re an early leader in using deep learning and deep reinforcement learning to solve language-understanding problems and in training machines to model decision-making capabilities of the human brain.  Maluuba is backed by an accomplished team of leading investors and some of the most respected researchers in the fields of artificial intelligence and deep learning. We partner with the world’s largest organizations in communications, customer experience, technology, automotive and professional services.

flinc is the world’s first social mobility network which matches drivers and passengers for ridesharing in real-time using desktop, smartphone and navigation technology. flinc is the app for sharing your everyday rides.  It combines state-of-the art technology with social networking to offer a dynamic, safe and automated service that gets you from A to B.  By using their desktop, smartphone or navigation device flinc users can easily be matched in real-time with members from their trusted social mobility network and share rides. As a world first, flinc is integrated in navigation software and combines ride sharing with car sharing and public transportation.  The integration in navigation software enables the driver to navigate directly to the passenger without a telephone call or text message. For flinc-riders, a mobile phone changes into a real alternative to the privately owned vehicle. Pre-planned or in real-time, flinc can establish a ride and can take passengers from any location (including their front door) to the destination of their choice.  flinc’s route matching algorithm finds riders anywhere along the route of the driver and calculates detour and price. Users can choose whether they want to be matched only with direct contacts, peer groups (companies, universities, others) or with anyone in the network. flinc provides means for electronic payment and user rating.  flinc solution for companies and commuters: flinc offers special company solutions for employers who would like to offer a safe, environment-friendly and beneficial commute to their employees.  flinc solution for public transit: flinc offers an integration for combining ride sharing with public transit organizations. flinc is specialized in short- to medium-length journeys and organized on a regional basis. Commuters can inquire about ride-sharing through the flinc app, as well as comparing and combining different modes of transportation, because the train timetable and schedules of local transit systems have been integrated into the app.  flott – Your On-Demand Mobility Platform flott is the solution for On-Demand Transit in urban areas: http://flott-shuttle.de/english.html flinc offers the perfect mix of software development, data science, user experience design, business development, marketing and entrepreneurship. The well-balanced team is able to establish ''flott'' in your target market – within weeks, not years.

Sakti3 is a Michigan-based company that is developing solid-state recharcheable lithium ion battery technology.  The company aims to implement its battery technology in electric vehicles and portable electronics.

Telogis provides a comprehensive cloud-based Mobile Enterprise Management (MEM) software platform for companies that require dynamic routing, real-time work order management, navigation, telematics and mobile integration services for their mobile workforces.   Telogis’ consistent innovation drives its ability to provide near-instant return on investment while improving driver safety and efficiency and reducing the environmental impact of commercial vehicles.   Founded in 2001, Telogis is headquartered in Aliso Viejo, Calif. and has development and support centers in Australia and New Zealand, Latin America, Europe and throughout North America. Its products and services are used and distributed in more than 100 countries worldwide.

Novasentis (formerly Strategic Polymer Sciences, Inc.), created the world’s first electro-mechanical polymer (EMP), the thinnest and most flexible haptic actuator and sensor technology today, used to develop mobile and wearable products that come alive with movement and sound. By bridging consumer electronics and sensory interaction, Novasentis enables 4D spatial tactile experiences and next-generation mobile product designs. Novasentis is privately funded. The company is based in San Francisco Bay Area and has offices in Pennsylvania, Korea, and Tokyo. More information on Novasentis is online at www.novasentis.com

Turo is a car sharing marketplace where travelers can rent any car they want, wherever they want it, from a community of local car owners. Travelers choose from a unique selection of nearby cars, while car owners earn extra money and help fuel the adventures of travelers they meet along the way. Since its national launch in March 2012, Turo has built a vibrant community of over 2 million owners and travelers. Owners are able to make hundreds – or even thousands – of dollars a month by simply and safely renting out their cars. From A3 to Z4, renters have access to an unparalleled selection of vehicles at prices up to 40% lower than other car rental options, while enjoying the convenience of renting cars where they’re needed: right in their own neighborhood, at the airport, and everywhere in between.

In the rapidly evolving realms of aerospace, automotive, and avionics, Sital Technology emerges as the trusted name for robust databus solutions. With expertise spanning decades since its establishment in 1997, we've pioneered advancements with our EBR software, state-of-the-art MIL-STD-1553 bus couplers, and precise Arinc 429 analyzers. Serving as the bedrock for many industry innovations, our airborne interface cards and components stand out, ensuring optimal performance and resilience. Further, our forward-thinking approach has led us to develop groundbreaking solutions in bus wire-fault detection and integrated cybersecurity, reinforcing our commitment to propel the future of the Automotive, Avionics, and Aerospace industries. With Sital Technology, precision meets innovation. Learn more about MIL-STD-1553 components, MIL-STD-1553 boards and testers, MIL-STD-1553 IP core, and Sital Technology SnS transmission on our website.

OpenSynergy, an independently managed company that operates worldwide, specializes in embedded automotive software. Since its founding, OpenSynergy has developed and improved its technology, expanded its portfolio into different architectures for powerful SoCs as well as resource-constrained microcontrollers; on numerous BSPs and Operating Systems. It extended the product functionalities step by step to meet the need of its customers. Thanks to its profound AUTOSAR knowledge, OpenSynergy is able to support its automotive customers in projects requiring AUTOSAR know-how. Today, OpenSynergy has over 150 employees, with engineers representing more than 90% of the workforce. They specialize in embedded automotive software development to achieve high-quality products to optimize the needs of individual use cases. Around the world, OpenSynergy provides its customers with fast and flexible support, both when implementing OpenSynergy’s products in the customer’s infrastructure and through their qualified engineering services. With its know-how, it supports OEMs and Tier 1 suppliers in all development and integration work for use of OpenSynergy products in series projects.

Sunlogics is a vertically-integrated global solar energy systems provider.

Coskata, Inc. is a biology-based renewable energy company, with technology for the production of liquid fuels. Using proprietary microorganisms and transformative bioreactor designs, the company will produce ethanol from a wide variety of input materials to provide economic, environmental, and national security benefits.

Mascoma Corporation was founded in late 2005 with initial funding from Khosla Ventures and Flagship Ventures in early 2006.  A Series B round of funding was closed in November of 2006 and a Series C round of funding was closed in May of 2008. They wish to replace the use of gasoline with cellulosic ethanol.

Bright Automotive launched from Colorado-based Rocky Mountain Institute (RMI) in January, 2008 with the worldâ€™s most experienced EV/PHEV team and the goal of building on the work of a consortium of organizations, including Alcoa, Google.org, Johnson Controls and the Turner Foundation. Since then, Bright Automotive has developed the IDEA, the worldâ€™s first multi-purpose, plug-in hybrid electric vehicle aimed at commercial and government fleets. It has also launched Bright Solutions, which delivers expertise to automotive customers worldwide to accelerate vehicle electrification, lightweighting, and overall platform efficiency.

Empower Energies Inc. (formerly Sunlogics PLC) is a vertically-integrated global solar energy systems provider specializing in solar project development and installation.Empower Energies Inc. has a strategic partnership with Sunlogics Power Management Fund Inc (SLMU:US) and with other entities for the purpose of owning and operating solar projects developed by Empower Energies Inc.. The scope of the company's current projects and operations reach to the nations of the world including Canada, United States, Europe and China.

GM Ventures is the corporate venture capital arm of General Motors. The firm's investment strategy includes growth-stage companies with focus on the areas of, advanced propulsion, connected vehicle , advanced materials, manufacturing technology, sensors, processors, & memory, and other automotive-related technologies. The firm was founded in 2010 and is based in Warren, Michigan.

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