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Faurecia company logo
Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Parts
faurecia.com

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Investments

11

Partners & Customers

10

About Faurecia

Faurecia (EPA: EO) is a global provider of solutions and qualitative equipment to the automotive industry. The company is primarily engaged in three activities: Automotive Seating, Interior Systems, and Emissions Control Technologies.

Faurecia Headquarters Location

23-27 rue des Champs Pierreux

Nanterre, 92000,

France

+33 1 72 36 70 00

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Faurecia Web Traffic

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Research containing Faurecia

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CB Insights Intelligence Analysts have mentioned Faurecia in 1 CB Insights research brief, most recently on Aug 26, 2020.

Latest Faurecia News

Faurecia : Energy management is the 1st step toward Net Zero

Sep 21, 2022

09/21/2022 | 04:30am EDT Message : *Required fields Fortunately, Faurecia teams have engaged in a company-wide CO2 neutrality plan since 2019. We are now on this ambitious journey with HELLA, since the creation of our combined Group FORVIA - the world's seventh largest auto technology supplier. Together, we have committed to reach Net Zero, the most ambitious, scientific-based standard for climate targets, by no later than 2045. Simply put, this means that by 2045, we need to reduce 90% of our absolute CO2 emissions - and neutralize the final 10% by capturing them in sustainable materials, such as plastics. FORVIA is the world's first automotive company to get the SBTi Net-Zero standard certification - proving that our actions are science-based and realistic. The challenge ahead is considerable: as FORVIA we start in 2019 with an annual CO2 footprint of 40 million tons! - as much as 4 million European citizens a year. But we are a community of 150,000 employees who can make a difference. We use less and better energy Our trajectory has 2 intermediate milestones: CO2 neutrality in all our industrial sites by 2025; and -45% scope 3 emissions by 2030. 2025 is fast approaching but we are on track on the execution front. We concentrate our actions on using less and better energy. Using less - through our program "Energy as a Service", we have contracted energy service providers to identify and implement energy reduction measures in our sites. By the end of 2023, Faurecia will achieve more than 20% electricity savings compared to 2019. With gas prices hitting all-time highs in Europe and the uncertainty about the availability of natural gas supplies, we are also exploring ways to replace gas as much as possible in seven identified production processes fueled with gas. We will also switch gas building heating to electric heat pumps as much as possible. Digitalizing our energy systems and operating our machines at the just needed energy contributes to this effort too. Using better - through the use of decarbonized energy. As of 2025, we will not use electricity from fossil fuels any further. We entered into partnerships with leading players, EDP and ENGIE, to install solar panels on the roofs of 150 of our sites. This means 100 hectares of solar panels by end-2023, representing a cumulative capacity of 100MW and covering 7% of Faurecia's electricity needs. 30% of this total capacity will be installed by the end of the year already! Meanwhile, we are also negotiating Power Purchasing Agreements to buy energy from renewable sources, such as wind farms. Energy care should be everyone's concern All of us at FORVIA can contribute, by measuring, monitoring, continuously improving our habits: even individually, we can switch off the power, change HVAC settings, switch off production machines during non-productive times. In this spirit we launched the global "We save energy" awareness campaign across our Group to involve all our employees. Meanwhile, we are now integrating CO2 neutrality criteria in the variable compensation scheme of 5,000+ of our senior managers to engage them in our journey. We are already transforming our products together with our ecosystem More than rethinking the way we produce, we are also striving to reach CO2 neutral products: by changing how we design, produce, and recycle them. We are moving towards frugal, leaner architectures. OEMs now expect us to use more recycled materials, and this is exactly what we do. Through our recently signed partnership with Veolia for instance, we target to achieve 30% of recycled plastics for the automotive interior we produce by 2025. Each of our products will be sustainable ultimately: one example is the "Seat for the Planet" concept we have created: a seat with only half of its current CO2 footprint thanks to a lean architecture, green steel, and plastics with recyclates. Our dedicated Sustainable Materials division is accelerating this transformation. Customers, suppliers, partners, business networks such as Enterprises for the Environment, Movin'On or the French Business Climate Pledge, …we involve our entire value chain in this transformation to make our industry change. This collective adventure is gaining momentum, and we are thrilled to organize FORVIA's first Sustainability Day on November 4 to present the actions and technologies paving the way to our 2045 Net Zero ambition. Attachments

Faurecia Investments

11 Investments

Faurecia has made 11 investments. Their latest investment was in Recogni as part of their Series A on July 7, 2019.

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Faurecia Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/31/2019

Series A

Recogni

$25M

Yes

14

6/4/2019

Series A

GuardKnox

$21M

Yes

8

12/19/2018

Corporate Minority

ESP Consulting

Yes

1

11/8/2018

Series A

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$99M

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10

7/24/2018

Series A - II

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$99M

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10

Date

7/31/2019

6/4/2019

12/19/2018

11/8/2018

7/24/2018

Round

Series A

Series A

Corporate Minority

Series A

Series A - II

Company

Recogni

GuardKnox

ESP Consulting

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Amount

$25M

$21M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

14

8

1

10

10

Faurecia Acquisitions

11 Acquisitions

Faurecia acquired 11 companies. Their latest acquisition was HELLA on November 16, 2021.

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

11/16/2021

$99M

Corporate Majority - P2P

13

6/9/2021

Series C

$99M

$2.8M

Acquired

6

2/17/2021

$99M

Corporate Majority

3

7/6/2020

Series A

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$99M

$99M

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10

10/14/2019

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$99M

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10

Date

11/16/2021

6/9/2021

2/17/2021

7/6/2020

10/14/2019

Investment Stage

Series C

Series A

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$2.8M

$99M

Note

Corporate Majority - P2P

Acquired

Corporate Majority

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Sources

13

6

3

10

10

Faurecia Partners & Customers

10 Partners and customers

Faurecia has 10 strategic partners and customers. Faurecia recently partnered with ENGIE on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/12/2022

Vendor

France

By Engie - 12 May 2022 - 08:48. ENGIE awarded multi-country on-site solar contract by Faurecia

This new carbon-neutrality agreement follows a global partnership between ENGIE Impact and Faurecia to support its energy transition objectives .

1

5/3/2022

Partner

United Kingdom

Veolia and Faurecia partner on recycled materials for car interiors

- Veolia and Faurecia have signed a cooperation and research partnership with an aim to use on average 30 % of recycled plastics in car interiors by 2025 , the French recycling company and car parts maker said in a joint statement on Tuesday .

2

5/3/2022

Partner

France

Press release: Paris, May 3rd 2022 - Faurecia and Veolia (120.34 KB). Sustainable mobility: Faurecia & Veolia to pioneer in the use of recycled plastics in automotive interiors

Faurecia , company of the Group FORVIA , and Veolia have signed a Cooperation and Research Agreement to jointly develop innovative compounds for automotive interior modules , aiming to achieve an average of 30 % of recycled content by 2025 .

1

5/3/2022

Partner

United Kingdom

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10

3/22/2022

Client

United States

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10

Date

5/12/2022

5/3/2022

5/3/2022

5/3/2022

3/22/2022

Type

Vendor

Partner

Partner

Partner

Client

Business Partner

Country

France

United Kingdom

France

United Kingdom

United States

News Snippet

By Engie - 12 May 2022 - 08:48. ENGIE awarded multi-country on-site solar contract by Faurecia

This new carbon-neutrality agreement follows a global partnership between ENGIE Impact and Faurecia to support its energy transition objectives .

Veolia and Faurecia partner on recycled materials for car interiors

- Veolia and Faurecia have signed a cooperation and research partnership with an aim to use on average 30 % of recycled plastics in car interiors by 2025 , the French recycling company and car parts maker said in a joint statement on Tuesday .

Press release: Paris, May 3rd 2022 - Faurecia and Veolia (120.34 KB). Sustainable mobility: Faurecia & Veolia to pioneer in the use of recycled plastics in automotive interiors

Faurecia , company of the Group FORVIA , and Veolia have signed a Cooperation and Research Agreement to jointly develop innovative compounds for automotive interior modules , aiming to achieve an average of 30 % of recycled content by 2025 .

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Sources

1

2

1

10

10

Faurecia Team

13 Team Members

Faurecia has 13 team members, including current Managing Director, Uri Pachter.

Name

Work History

Title

Status

Uri Pachter

Managing Director

Current

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Name

Uri Pachter

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Work History

Title

Managing Director

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Status

Current

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