Motion-S joins forces with prime automotive investor

fr en de
<< Back
09/06/2021 | Partenariat
  • Motion-S

Motion-S, the Luxembourg-based innovative company, announced today the recent strategic partnership and investment from Group [A], who becomes a new shareholder after a capital increase.
Founded in 2014 as the first spin-off of the SnT (University of Luxembourg), Motion-S developed in its early phase mobile apps to support insurers in creating driving behavior analysis campaigns. Motion-S is a data-drivenanalytics solution provider in the mobility ecosystem and a trusted partner for companies from multiple industries providing them with the most advanced, accurate, and customizeds olutions on the market, focusing on riskassessment, energy efficiency, vehicle wear analytics, and electrification transition assessment.

In 2018, FEBIAC, an institutional partner, acquired a participation in Motion-S capital. FEBIAC is the automotive industry association representing car manufacturers, subsidiaries, and importers in Belgium and Luxembourg and is the interface between its members and all stakeholders in mobility, public or private, at a national or international level. FEBIAC has over 150 active members representing more than 250 automotive brands and has significant expertise in mobility, technology, energy, digitalization, datamanagement, taxation, and regulations, allowing Motion-s to strengthen its position in the automotive sector.

The strategic partnership and investment from Group [A], a current customer met at the Luxembourg Village at CES 2020 in Las Vegas, is a further milestone and will boost Motion-S’s solutions for the automotive industry. German Castignani, Motion-S’s CEO and Co-Founder, states that “Motion-S’s goal is to enable unifiedv isibility on the total costs of mobility of their customers. This investment lets us continue on our mission to build smart solutions with further integration of data providers and platforms, as well as to develop new mobility profiling algorithms to better explain mobility costs.” Group [A],being a leading auto parts manufacturer and supplier in the Americas, will support Motion-S as an industrial investor to revolutionize traditional automotive-related services based onrich data analytics.

Group [A] was founded in 1932 and has been manufacturing autoparts since 1952, serving both the aftermarket and OEMs in North and South America.The group manufactures and commercializes several productlines, amongst them, steel and alloy wheels, dampers, leaf and coil springs, brake pads, stabilizer bars, and clutches. Group [A] has operations spread out through the Western Hemisphere, approaching each market with products and solutions specific to its needs in several vehicle segments.

Hares Neme, Head of Innovation at Group [A], and newly appointed member of the board of Motion-S, states : “We are thrilled tojoin forces with Motion-S. This partnership will further consolidate our path to service the future of mobility by bringing forth connected products and services that are better aligned to the speci?c needs of our users and their surroundings.”
 

Back to top  | << Back

Communiqués liés

Apex logo 150x150 (002)

Apex Group launches Carbon Footprint Assessment & Reporting ...

81 percent of Private Equity leaders surveyed by Apex Group agree that Private E...

Apex
Apex logo 150x150 (002)
16/09/2021

Apex Group partners with VCP Advisors to create Apex VCP

Apex Group Ltd. (“Apex” or “the Group”), a global financial services pro...

Apex
television-zapper

Eltrona lance TV+, sa nouvelle TV interactive pour accompagn...

Grâce à un partenariat privilégié avec la société Ocilion, Eltrona lance T...

Eltrona
Giuseppe Cafiero
15/09/2021 Personnalités

Giuseppe Cafiero, nouvel associé promu au sein du cabinet W...

Le cabinet d’avocats d’affaires luxembourgeois, Wildgen, poursuit son expan...

Wildgen
Photo Nicolas Poncelet and Yeliz Bozkir
15/09/2021 Personnalités

FideField is developing new Fund Administration Services wit...

FideField, a Luxembourg Corporate and Fund Service provider, announced new devel...

Lexfield
SCHONCKERT Ella 1800x1800

Promotions chez KLEYR ? GRASSO

Mélanie TRIENBACH a été promue Counsel et Ella SCHONCKERT, ainsi que Charles ...

Kleyr Grasso Associés

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more