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Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Manufacturing
bmwgroup.com

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Investments

19

Portfolio Exits

3

Partners & Customers

10

Service Providers

1

About BMW Group

Bayerische Motoren Werke (FWB: BMW), dba BMW Group, is a premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services through its four brands BMW, MINI, Rolls-Royce, and BMW Motorrad.

BMW Group Headquarter Location

Petuelring 130

Munich, D-80809,

Germany

+49 891 2501 6000

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Latest BMW Group News

BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden

Oct 26, 2021

BMW Group plans to source steel produced with green power and hydrogen from H2GS in Sweden The BMW Group is systematically pursuing its goal of significantly reducing CO2 emissions at their source in the supply chain. From 2025 on, the company plans to source steel produced with up to 95% less CO2 emissions and without requiring fossil resources such as coal. The BMW Group has now reached an agreement to this effect with the Swedish startup H2 Green Steel (H2GS), which uses hydrogen and only green power from renewable energies for steel production. (Mercedes-Benz took a stake in H2GS in May 2021. Earlier post .) In addition to the delivery of steel produced using green power, the BMW Group and H2 Green Steel have also agreed to create a closed-loop material cycle. H2 Green Steel will take back sheet metal remnants, such as those produced at press plants when doors are punched out, and will process them in such a way that they can be shipped back to the plants as new steel rolls, also known as steel coils. In this way, raw materials can be used multiple times in a circular economy and natural resources protected. Since it requires less energy to produce, secondary steel lowers CO2 emissions by an average of 50-80%, compared to primary material. The BMW Group is already using between 20% and 100% secondary steel in its vehicles and will continue to increase this percentage in the future. BMW Group press plants in Europe process more than half a million tonnes of steel per year. H2 Green Steel is building its steel production site in the province of Norrbotten in northern Sweden, close to the Arctic Circle. The region is best known for its reindeer and spectacular northern lights, but also provides access to high-quality iron ore, plentiful energy from renewable sources such as hydroelectric and wind power, a major seaport and generations of steel production know-how. Unlike conventional processes that rely on coke for making steel, the company employs hydrogen produced using green power to remove the oxygen from the iron oxide. This direct reduction of iron ore produces almost no CO2 at all, only water, thereby avoiding 95% of the CO2 emissions normally produced. The specially built hydrogen power plant, which uses water and green power from across the region, will be directly integrated into the steel production plant. The company also uses local green power for the remainder of the manufacturing process. Swedish company Northvolt, which develops and produces battery cells for electric cars, is also exploiting the potential for green power in the north of Sweden. Last year, the BMW Group signed a long-term battery-cell supply contract with Northvolt. The battery cells will be produced in Europe at the Northvolt gigafactory currently under construction in Skellefteå in northern Sweden from 2024. The company will use only green electricity from local wind and hydroelectric power to produce the battery cells. As part of its involvement with the not-for-profit organisation ResponsibleSteel, the BMW Group actively participated in establishing environmental and social standards throughout the entire steel value chain, starting at the mine. This sustainability standard for production sites in the steel industry was published in 2019 as part of a multi-stakeholder process and now forms the basis for certification. ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative.

BMW Group Investments

19 Investments

BMW Group has made 19 investments. Their latest investment was in Solid Power as part of their Series B on May 5, 2021.

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BMW Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/3/2021

Series B

Solid Power

$130M

Yes

21

6/12/2019

Corporate Minority - IV

Northvolt

$600M

Yes

17

10/16/2017

Unattributed

Hubject

No

3

9/8/2014

Corporate Minority

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$99M

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10

10/22/2012

Corporate Minority

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$99M

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10

Date

5/3/2021

6/12/2019

10/16/2017

9/8/2014

10/22/2012

Round

Series B

Corporate Minority - IV

Unattributed

Corporate Minority

Corporate Minority

Company

Solid Power

Northvolt

Hubject

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Amount

$130M

$600M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

21

17

3

10

10

BMW Group Portfolio Exits

3 Portfolio Exits

BMW Group has 3 portfolio exits. Their latest portfolio exit was Solid Power on June 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/15/2021

Acq - Pending

$991

4

00/00/0000

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10

00/00/0000

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10

Date

6/15/2021

00/00/0000

00/00/0000

Exit

Acq - Pending

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Companies

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Valuation

$991

Acquirer

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Sources

4

10

10

BMW Group Acquisitions

5 Acquisitions

BMW Group acquired 5 companies. Their latest acquisition was BMW Brilliance Automotive on October 11, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/11/2018

Corporate Minority - II

$991

Corporate Majority

4

1/29/2018

Acquired

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$991

$99M

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10

1/16/2018

Corporate Minority

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$99M

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10

11/3/2017

Corporate Majority

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$99M

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10

12/4/2015

Secondary Market

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$991

$99M

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10

Date

10/11/2018

1/29/2018

1/16/2018

11/3/2017

12/4/2015

Investment Stage

Corporate Minority - II

Acquired

Corporate Minority

Corporate Majority

Secondary Market

Companies

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Valuation

$991

$991

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Corporate Majority

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Sources

4

10

10

10

10

BMW Group Partners & Customers

10 Partners and customers

BMW Group has 10 strategic partners and customers. BMW Group recently partnered with SoFlow on September 9, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

9/21/2021

Licensee

SoFlow

Switzerland

Start-ups provide well-known partners with innovative solutions

Six startups have won partnerships with leading companies such as Telefonica , BMW AG , Airbus , Rega , Diamond and Saturn Satellite Networks .

1

9/14/2021

Vendor

GaN Systems

Canada

GaN Systems and BMW sign semiconductor capacity agreement

Commenting Kasper Sage , managing partner BMW i Ventures said , `` As electric vehicles become more prominent , the demand for critical semiconductor components is only going to increase , thereby making strategic partnerships with suppliers like GaN Systems even more important . ''

3

9/2/2021

Vendor

Deutsche Telekom

Germany

Deutsche Telekom : BMW Group and Telekom launch in-car 5G and Personal eSIM networking options

The Personal eSIM can be easily extended and activated via an existing contract with the MobilityConnect option .

4

7/16/2021

Licensee

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10

7/1/2021

Vendor

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10

Date

9/21/2021

9/14/2021

9/2/2021

7/16/2021

7/1/2021

Type

Licensee

Vendor

Vendor

Licensee

Vendor

Business Partner

SoFlow

GaN Systems

Deutsche Telekom

Country

Switzerland

Canada

Germany

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News Snippet

Start-ups provide well-known partners with innovative solutions

Six startups have won partnerships with leading companies such as Telefonica , BMW AG , Airbus , Rega , Diamond and Saturn Satellite Networks .

GaN Systems and BMW sign semiconductor capacity agreement

Commenting Kasper Sage , managing partner BMW i Ventures said , `` As electric vehicles become more prominent , the demand for critical semiconductor components is only going to increase , thereby making strategic partnerships with suppliers like GaN Systems even more important . ''

Deutsche Telekom : BMW Group and Telekom launch in-car 5G and Personal eSIM networking options

The Personal eSIM can be easily extended and activated via an existing contract with the MobilityConnect option .

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Sources

1

3

4

10

10

BMW Group Service Providers

1 Service Provider

BMW Group has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

BMW Group Team

46 Team Members

BMW Group has 46 team members, including current Chief Executive Officer, Renate Fritz Reymann.

Name

Work History

Title

Status

Renate Fritz Reymann

Chief Executive Officer

Current

Jean Philippe Parain

Senior Vice President

Current

Spiros Philippas

Chief Executive Officer

Current

Alexander W Wehr

Chief Executive Officer, President

Current

Gary De Bay

President

Current

Name

Renate Fritz Reymann

Jean Philippe Parain

Spiros Philippas

Alexander W Wehr

Gary De Bay

Work History

Title

Chief Executive Officer

Senior Vice President

Chief Executive Officer

Chief Executive Officer, President

President

Status

Current

Current

Current

Current

Current

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