The Luxembourg-based startup seals new strategic partnership with the Latin American automotive equipment supplier, to further develop new algorithms that better explain mobility costs.
Photo: German Castignani, CEO of Motion-S / Credits © Motion-S
Motion-S, the Luxembourg-data analytics company has recently signed off on a one million euros strategic partnership with Grupo <a>, a Colombian company which operates in car manufacturing, machinery, mining and real estate industries.
The Latin American investor joins, among other shareholders, FEBIAC, the automotive industry association representing car manufacturers, subsidiaries, and importers in Belgium and Luxembourg.
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Motion-S and Grupo <a> first met in 2020 in the Luxembourg Village at the Consumer Electrics Show (CES) in Las Vegas.
“This investment lets us continue on our mission to build smart solutions with further integration of data providers and platforms, as well as to develop new mobility profiling algorithms to better explain mobility costs,” said German Castignani, Motion-S’ CEO and Co-Founder.
Motion-S is a data-driven analytics solution provider in the mobility ecosystem. The company partners with companies from multiple industries on solutions focusing on risk assessment, energy efficiency, vehicle wear analytics, and electrification transition assessment.
Founded in 2014 as a spin-off of the SnT (University of Luxembourg), the startup headquarters in Mondorf-les-Bains.