Honda Automobiles: Honda Advances the Global Open Innovation Initiative with New VC Partners

Posted on 06. Dec, 2018 by in Honda Canada

Honda Innovations, a Silicon Valley arm of Honda RD, aims to encourage early-stage startup ecosystems globally with 4 try collateral (VC) partnerships. These VC partnerships raise Honda Xcelerator’s collection – proceed co-development and partnerships with accelerators and incubators – to support innovators during all stages.

Since 2015, Honda Xcelerator has upheld startups with appropriation for fast prototyping, collaborative workspaces, mentorship opportunities, and entrance to all Honda products including exam vehicles and robotics prototypes. With a extended focus, Honda Xcelerator looks over automobiles to emanate destiny mobility products and services that move new value to a patron experience.

Honda will raise a support of early-stage innovators by investing in a supports of a following try collateral firms:

  • 360 Capital Partners, a European VC organisation headquartered in Paris, France, that invests opposite Europe in innovative deep-tech with a concentration on robotics, mobility, and industrial creation
  • JB Nordic Ventures, a newly launched VC account and partnership between BaltCap, a largest private equity and VC organisation in a Baltic region, and JBIC IG Partners, a Japanese supervision corroborated private equity and VC firm. The account focuses on IT, robotics, and mobility for Baltic, Iceland and Scandinavia.
  • SOSV, a VC organisation headquartered in a USA, with a concentration on accelerating startups in hardware, mobility, cross-border software, food and life sciences in San Francisco, New York, London, Shenzhen, Shanghai and Taipei
  • Yunqi Partners, a VC organisation in Shanghai and Beijing China, that invests in companies focusing on craving service, IOT, robotics, and mobility

These partnerships enhance Honda’s support of tellurian creation by Xcelerator operations in vital record hubs around a world, including Israel, Boston, Detroit, Japan, China, and Europe.

“Honda’s investment in try collateral firms will play a vicious purpose in Honda Xcelerator’s support for tellurian creation ecosystems and innovators during all stages,” pronounced Nick Sugimoto, Honda Innovations CEO. “These VC partnerships, along with a continued proceed partnership with name startups around a world, boost a ability to jumpstart new businesses and behind early theatre transformative technologies.”

Achieving success with Honda Xcelerator collaboration

As Honda’s relationship to startup ecosystems in a U.S. and globally, Honda Xcelerator takes a holistic and universal proceed of co-development, investment, and incubation. Honda Xcelerator continues to work with and minister to a altogether success of startups, including DeepMap, Tactual Labs, and WayRay, in building technologies that concentration on hurdles acted by unconstrained vehicles and modernized connected cars. Since commencement their collaborations with Honda Xcelerator during CES 2018, all 3 companies have lifted additional try collateral and left on to work with other players in a automotive industry.

A recently announced vital partnership between Honda and SoundHound Inc.®, a heading dignitary in voice-enabled AI and conversational comprehension technologies, was also a outcome of a startup’s partnership with Honda Xcelerator. The vital partnership will accelerate a growth of voice-enabled AI assistant.

Honda Xcelerator will announce dual new startup partners during CES 2019. Innovators and startups that are meddlesome in partnership opportunities with Honda Xcelerator can revisit Xcelerator.HondaInnovations.com and follow @HondaInnovation on Twitter.

About Honda Innovations
Honda Innovations drives transformative partnership within all areas of Honda. As partial of Honda Innovations, Honda Xcelerator and Honda Developer Studio, dual open creation programs, offer as catalysts to learn and examination with new technologies and business concepts. Honda Innovations partners with innovators of all shapes and sizes from startups to tellurian brands and pattern and growth communities to emanate slicing corner products and services. Honda Innovations is formed in Silicon Valley and operates globally. To learn more, revisit HondaInnovations.com.

About Honda Technology
Honda is formulating technologies and products including advancements in programmed vehicles, connectivity and ultra-low CO mobility. In North America, a association has some-more than 1.7 million vehicles total on a highway versed with a Honda Sensing® or AcuraWatch™ reserve and driver-assistive technologies and some-more than 2 million Honda and Acura vehicles featuring Apple CarPlay® and Android Auto™ compatibility.

 

# # #

Tags: ,

Comments are closed.