Motion-S joins forces with prime automotive investor
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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.
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.”
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