Automotive sector deals of interest in the three months to August – Just Auto

There were 18 recorded deals involving leading auto manufacturers and suppliers in the three months to August with a number of acquisitions, private equity and venture capital.

That’s according to GlobalData’s Financial Agreements database, which tracks market activity across multiple sectors and transaction types.

The deals below include only those that have been completed – so please rule out rumors or deals that have been agreed upon but not yet fulfilled.

The figures, which include leading auto manufacturers and suppliers, show the US market to be the most active, with seven sales taking place in the past three months. Next is India, which has two deals.

Here are some of the biggest completed deals that took place this past quarter.

Repurchase

Renault buys shares in Verkor – June 28

Renault SA, an automotive company, has acquired a stake in Verkor, a developer of batteries for electric vehicles (EVs). Both companies are based in France.

As part of the transaction, Renault will take a more than 20% stake in Verkor.

Benoit Lemaignan is the CEO of Verkor.

Santander UK plc and Barber Hauler Capital Advisers act as financial advisors, while De Gaulle and Fleurance & Associes act as legal advisors to Renault.

Faurecia Acquisition of LED Product Design – June 9

Faurecia SA (Faurecia), an automotive equipment manufacturer that designs, develops and supplies seat components, has acquired designLED Products Ltd, a designer of light-emitting diode (LED) company that provides offers LED lighting bricks for commercial lighting, signage, advertising, consumer electronics and other lighting applications.

Stuart Bain is the CEO of designLED.

Gentex Acquires Core Protection System and Filter Design – Aug 12

Gentex Corporation, a US-based manufacturer, marketer and supplier of optical, advanced chemicals and electronics products to the global automotive industry, has acquired The Filter Design Company Ltd. , a UK-based provider of private filtration solutions, which provides filter design, manufacturing, testing, automation and consulting, and Core Protection Systems Limited, a road protection specialist. respiratory system based in the UK, providing innovative, high quality respiratory systems to the global medical and industrial markets.

Schaeffler acquires Bega International – August 3

Schaeffler AG, a German-based developer, manufacturer and supplier of precision products, has acquired BEGA International BV, a bearing mounting and dismounting tool manufacturer based in Germany. Netherlands.

Henk van Essen, Bega’s current CEO and will continue to hold that role in the future.

Faurecia Acquisition of designer LED products – June 9

Faurecia SA, a France-based company designs, develops and supplies chair components such as frames, controls, motors, cushions, upholstery, electronic and pneumatic systems and accessories accessories and sponges, has acquired Design LED Products Ltd, a UK-based designer. and a manufacturer of backlights and light-emitting diode (LED) switches.

Risky investment

ZongMu Technology secures $190 million in Series D funding – June 3 ($190 million)

ZongMu Technology (Shanghai) Co., Ltd, a Chinese developer of driver assistance systems, two-dimensional (2D) and three-dimensional (3D) panoramic vision systems, self-parking solutions and video recording systems driver, raised $190 million in Series D funding led by Tongchuang Weiye (top investment) and Xiaomi Group (top investment), Liangjiang Fund, Jingkai Capital, Fosun Capital, Shanghai Science and Technology Venture Capital Group ( Shanghai Science and Technology), Industrial Bank, Keboda, Legend Capital, Qualcomm Ventures , Denso (leading investment), Gaoyuan Capital (Top investment), Huzhou Taihu Lake Group, Langtai Capital, Chongqing Changxin Zhiqi.

Isar Aerospace Secures Additional $75 Million in Series B Funding – July 28 ($75 Million)

Isar Aerospace, a provider of access to space for small and medium-sized satellites that facilitate global satellite constellations, has received an additional $75 million in Series B funding from HV Capital.

In addition, Porsche Automobil Holding SE, Lombard Odier, Earlybird Venture Capital, Lakestar, Vsquared Ventures, Apeiron Investment Group and UVC Partners also participated in the funding round.

Isar Aerospace brings its total funding to $165 million.

Daniel Metzler, Josef Fleischmann and Markus Brandl are the founders of Isar Aerospace.

Roppen Transportation (Rapido) Secures $52 Million in Series C Venture Capital – Aug 16 ($52 Million)

Roppen Transportation Services Pvt Ltd (Rapido), an India-based online platform provider that allows users to book motorbike taxi services, has received $52 million in Series C venture funding from Shell Ventures , Yamaha, Kunal Shah, Amarjit Singh Batra and Positive Consulting Services.

Existing investors like Pawan Munjal of Hero Group, Westbridge, Nexus Venture and Everblue Management also participated in the round.

Seurat Technologies secures $41 million in Series B funding – June 22 ($41 million)

Seurat Technologies Inc, a US-based developer of metal printers designed for industrial scalability, has received $41 million in Series B funding from Capricorn’s Technology Impact Fund , DENSO, True Ventures, GM Ventures, Porsche Automobil Holding SE, Siemens Energy and Maniv are at the top. Mobility.

Sonatus secures $35 million in Series A funding – July 21 ($35 million)

Sonatus, an automotive software company that is harnessing the full potential of software-defined vehicles, has received $35 million in Series A funding led by Kia Corporation.

In addition, SAIC Capital, LG Electronics, Marvell, UMC Capital, Wanxiang Group Company and Translink Capital also participated in the funding round.

Jeff Chou is the co-founder and CEO of Sonatus.

Private equity

Group of investors invests $2.5 billion in Rivian Automotive – July 23 ($2,500 million)

The Consortium of Investors has invested $2.5 billion in Rivian Automotive LLC, a U.S.-based maker of venture capital vehicles.

The investor group includes the Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, T. Rowe Price Associates, Inc, Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue.

Group of investors invest $2.5 billion in Waymo – June 16 ($2,500 million)

Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Research & Management, Magna International, Mubadala Investments, Perry Creek Capital, Silver Lake, funds and accounts advised by T. Rowe Price Associates, Inc., Temasek, and Tiger Global, have invested $2.5 billion in Waymo LLC, an autonomous driving technology development company that provides mobility solutions.

Tekedra Mawakana and Dmitri Dolgov are Waymo’s Co-CEOs.

Kia and SKS Private Equity Invest $34.8 million in Salad Bank – July 16 ($35 million)

Kia Corp and SKS Private Equity, a private equity firm, invested 40,000 million won ($34.8 million) in Bank Salad Co., Ltd, a data-driven money management service provider. All entities involved in the transaction are based in Korea.

With this investment, Bank Salad has raised 65 billion won in total investment.