Auto Service World
News   December 28, 2017   by Adam Malik

Denso invests in startups for future transportation

Deno is seeing what the future of the mobility may hold and is steering towards it.

The automotive supplier is making capital investments in a number of new technologies in order to bring self-driving, connected cars to the masses.

At the Consumer Electronics Show in Las Vegas in January will feature the latest in technology through various applications and the automotive industry is part of that. Denso will showcase three successful ventures it has invested in at its exhibit. The company will additionally also be looking for more startup businesses to invest in to help boost the development of technology that will help the automotive industry, from biosensors to cybersecurity.

“DENSO’s vision for the future of mobility goes beyond automotive, and it will take the combination of a broad range of emerging technologies to make that vision a reality,” said Tony Cannestra, director of Deno’s corporate ventures, which decides where investments go. “This year we’ll look especially at companies tackling automated driving, cybersecurity and both biometric and vehicle sensors, including LIDAR and radar. Our CES meetings will play a big role in decisions over the next year.”

Led by Cannestra, the group usually puts between $1 and $4 million in early-stage startups. So far, about 10 investments have been made by Denso. The company targets applications in connectivity, autonomous drive, shared mobility and electrification.

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