Honda Expands Global Open Innovation Initiative with New VC Partners
Summary
– SOSV, a VC firm headquartered in the USA, with a focus 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 firm in Shanghai and Beijing China, that invests in companies focusing on enterprise service, IOT, robotics, and mobility.These partnerships expand Honda’s support of global innovation through Xcelerator operations in major technology hubs around the world, including Israel, Boston, Detroit, Japan, China, and Europe.With a broad focus, Honda Xcelerator looks beyond automobiles to create future mobility products and services that bring new value to the customer experience.Honda Xcelerator takes a non-exclusive approach of co-development, investment, and incubation contributing to the overall growth of startups, including DeepMap, Tactual Labs, and WayRay, advancing technologies that focus on challenges posed by autonomous vehicles and advanced connected cars.