Allowing the access to Valeo’s personal contacts in the 32 countries of operation and meetings with business owners and/or representatives of Valeo that are potential (pilot) customers for the startup; 88,800 employees in the Group.

Dedicating 10% of its annual revenue to R&D, Valeo is a leader in innovation for the automotive industry; mentoring will be provided to the startup by the 4 Business Groups of Valeo (Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems & Visibility Systems) and Valeo’s network composed of experienced entrepreneurs, domain experts, business owners and executives; 19 research centers & 35 development centers around the world.

One of the most advanced manufacturing set-up in the industry, with 148 production sites supplying all the major automotive manufacturers in the world; strong presence in the after-sale market; 15 distribution platforms around the world.

Founded in 1923 and member of the CAC 40 share index (the 40 largest equities listed in France), Valeo is a leading automotive supplier operating globally and focusing on the design, manufacture and sale of automotive spare parts to automakers and aftermarkets worldwide.

As a technology company, it offers to its customers’ innovative products that contribute to the reduction of CO2 emissions, the improvement of vehicle performance, and to the development of intuitive driving. It also contributes to the future of cars and mobility with breakthrough innovation.

``The cooperation with Cathay Capital will bring a new brick to our decade-long policy of Open Innovation, that aims at supporting the integration and growth in the automotive sector of innovative technologies coming from academic or entrepreneurial networks. The partnership with Cathay will provide us with new opportunities to interact with innovative startups, in three key geographies for the Group: China, Europe and the United States, in a context where the automobile is becoming more and more digital and connected.``
testimonial author
Jacques Aschenbroich
CEO, Valeo

Operating today in 30 countries, Valeo has strong market positions in Western countries and is currently engaged in an ambitious expansion strategy in high growth regions, especially in Asia and other emerging countries. The company is made up of four business groups (Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems & Visibility Systems) and an aftermarket activity, employing 82,800 employees and realizing a turnover of €14.5bn in 2015. Valeo opened 17 research centers & 35 development centers around the world with an annual budget of €1.3bn to develop cars that are more intuitive, autonomous, connected and respectful of the environment.