Dedicated to promoting start-up partnerships with BASF and Magna, the accelerator program welcomes five start-ups working on emission reduction innovations in automotive manufacturing.
Somerville, Massachusetts When houston, December 8, 2022 /PR Newswire/ — greentown lab, BASFWhen magna Today we are announcing 5 startup participants Greentown Go Move 2022, a greentown go A program designed to accelerate start-up and corporate partnerships to decarbonize automotive manufacturing and reduce the impact on vehicle lifecycles.
Go Move 2022 (Supported by Magna in collaboration with BASF) Startup Cohort
Transportation department is in charge 16 percent Global greenhouse gas emissions. While the move to electric vehicles has received a lot of industry and media attention, there are countless areas in his chain of automotive manufacturing value where his innovative climate tech solutions are integral. That’s why BASF, Magna and Greentown have partnered to launch. go move 2022, specifically sought start-ups with new solutions to some of the automotive industry’s most difficult problems. Materials innovation for automotive efficiency and lifecycle emissions reduction. Material design for recycling and new recycling technology. Material innovation for shared and future mobility.
After looking at nearly 100 applicants and following a highly competitive selection and deliberation process, a cohort of five cutting-edge startup participants was selected.
- Carbonova (Calgary, Alberta, Canada): Carbonova mass-produces superior carbon nanofibers (carbonova fibers) for use in a variety of market applications by harnessing greenhouse gas feedstocks and transforming them into sustainable and valuable solid commodities. A technology company that develops solutions.
- endeavor composite (Knoxville, TennesseeUSA): Endeavor Composites is a pioneer in high-performance, low-cost, zero-waste composite materials for solving difficult manufacturing problems.
- fiber coat (Aachen, Germany): FibreCoat creates an affordable conductive fiber material for integrated EMI shielding, heat transfer, and weight reduction in EVs.
- Heartland Industries (Detroit, MichiganUSA): Heartland creates materials and technologies that help decarbonize manufacturing.
- Mito Material Solutions (Indianapolis, IndianaUSA): MITO’s patented platform technology creates hybrid additives with unique attributes and endless possibilities.
Selected startups will work closely with BASF and Magna for six months to advance commercialization efforts, de-risk technology, discover potential industrial applications and develop viable go-to-market strategies cooperate for By working with BASF and Magna, the cohort will have access to expertise that can be applied across the automotive industry value chain. Whether developing the parts that make up a car or the materials that make up a part, BASF and Magna are involved in every step of the car manufacturing process. Throughout the program, startups will benefit from partnership-focused programming to support mentorship, networking opportunities, educational workshops, and collaboration. Finally, participants will receive desk space and membership in Greentown Labs for the duration of the program. $25,000 Non-dilutive scholarship funding.
BASF, a leading Go Move 2022 partner, is a global chemical leader and the number one chemical supplier to the automotive industry. The program is BASF’s commitment to achieving a net-zero transportation industry by reducing lifecycle emissions, launching new recycling technologies, and creating new materials for shared, sustainable mobility. is consistent with
Gulay Serhatkulu, senior vice president of BASF’s Performance Materials business, said: North America“BASF looks forward to working with BASF and Magna over the next six months. Together, we will have the opportunity to make a sustainable impact on the automotive industry.”
Magna, a supporting partner of Go Move 2022, is a mobility technology company and one of the world’s largest automotive suppliers. We combine over 65 years of expertise with a systems approach to design, engineering and manufacturing that touches nearly every aspect of a vehicle.
Ahmed Erganzuri, Director of Sustainability at Magna, said: “Our vision is to responsibly advance mobility for all. We are working on accelerating it from concept to reality.”
Greentown Labs has a proven track record of building and accelerating startup and corporate partnerships across five major greenhouse gas emitting sectors (manufacturing, transportation, energy and power, buildings, food and agriculture) and is the largest climate tech startup incubator. North AmericaBASF, Magna, and the program participants provide the necessary framework to facilitate collaboration.
“The transportation industry presents one of the greatest challenges and opportunities for building a truly circular and sustainable economy. Emily Leichhardt, Honorary CEO of Greentown Labs. “We are delighted to have BASF and Magna as partners in this battle to decarbonize the automotive sector and reduce our reliance on greenhouse gas emitting materials and manufacturing processes. By collaborating with this exciting cohort of companies, BASF and Magna demonstrate their commitment to expanding these important and innovative solutions.”
The Go Move 2022 cohort participated in three workshops with BASF and Magna, May 11, 2023Greentown Labs’ Boston position. For more information, Go Move 2022 website.
About Greentown Go
Greentown Labs is the largest climate tech startup incubator in the United States. North Americawill run the Greentown Go program on five tracks: make (manufacturing), Moving (transportation), energize (energy and electricity), to build (building), and grow up (Food and Agriculture). These startup and corporate partnership programs challenge the status quo in key greenhouse gas sectors and accelerate partnerships between industry giants and innovators.
About Greentown Lab
Greentown Labs is a community of climate pioneers committed to designing a more sustainable world.as the largest climate tech startup incubator in North America, Greentown Labs brings together startups, companies, investors, policy makers, and many others focused on scaling climate solutions. With a mission to provide start-ups with the resources, knowledge, connectivity, and equipment they need to succeed, Greentown Labs offers lab space, shared office space, machine shops, electronics labs, software and business resources, and a large We offer a large corporate network. customers, investors, etc.in the incubator Somerville, Massachusetts When houston, texasGreentown Labs is home to over 200 startups and has supported over 500 startups since the incubator’s founding in 2011. $4 billion Funding in progress. For more information, see: www.greentownlabs.com Also twitter, FacebookWhen LinkedIn.
Greentown Media Contacts:
Julia Travaglini
[email protected]
603-867-3657
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The BASF Group’s approximately 111,000 employees contribute to the success of our customers in almost every sector and almost every country. Our portfolio consists of his six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agriculture Solutions. BASF expects that in 2021 he will achieve sales of €78.6 billion. BASF shares are traded on US stock exchanges. Frankfurt (BAS) and US American Depositary Receipt (BASFY) www.basf.com.
About Magna
Magna is more than one of the world’s largest suppliers to the automotive sector. We are a mobility technology company with a global, entrepreneurial team of 170,000 employees and an organizational structure designed to innovate like a startup. With over 65 years of expertise and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are well-positioned to support mobility advancements in a changing industry. Our global network includes 345 manufacturing operations and 90 product development, engineering and sales centers across 28 countries.
For more information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com.
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