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Corporation
AUTOMOTIVE & TRANSPORTATION | Automobile Parts
continental.com

Investments

27

Partners & Customers

10

About Continental

Continental (FWB: CON) develops technologies and services for the sustainable and connected mobility of people and their goods. It specializes in manufacturing tires, brake systems, interior electronics, automotive safety, powertrain and chassis components, tachographs, and other parts for the automotive and transportation industries. The company was founded in 1871 and is based in Hanover, Germany.

Headquarters Location

Vahrenwalder Strasse 9

Hanover, 30165,

Germany

+49 4951 193801

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Research containing Continental

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CB Insights Intelligence Analysts have mentioned Continental in 4 CB Insights research briefs, most recently on Feb 1, 2023.

Latest Continental News

Continental : and Aurora Partner to Realize Commercially Scalable Autonomous Trucking Systems

Apr 27, 2023

04/27/2023 | 02:28am EDT Message : Continental and Aurora Partner to Realize Commercially Scalable Autonomous Trucking Systems Exclusive partnership to make future generations of Aurora's flagship integrated hardware and software systems commercially scalable Industry-first hardware-as-a-service business model by Continental, based on mileage driven expected to be introduced in the US in 2027 Continental CEO Nikolai Setzer: "Continental demonstrates its leading technology expertise by industrializing the first commercially scalable autonomous trucking systems. Together with Aurora, we take a crucial step towards autonomous mobility" Aurora CEO Chris Urmson: "Delivering autonomous vehicles at scale has the potential to dramatically transform modern transportation, bringing new accessibility, safety and efficiency to the movement of goods and people" Frankfurt, Germany/Pittsburgh, USA, April 27, 2023. The technology companies Continental and Aurora Innovation, Inc. have entered into an exclusive partnership to deliver the first commercially scalable generation of Aurora's flagship integrated hardware and software system, the Aurora Driver. The organizations will jointly design, develop, validate, deliver, and service the scalable autonomous system for the trucking industry. The system is expected to be available for carriers and commercial fleet operators across the U.S. and to help reduce costs to facilitate broader adoption. Continental will leverage its decades of experience in systems development for safer, more reliable automotive solutions to industrialize the Aurora Driver and deliver the entire hardware set as well as a new fallback system. In the unlikely event of a failure in the primary autonomy system, the fallback system is designed to ensure a driverless truck can continue the driving task until it reaches a safe position. Additionally, Continental will manage the complete lifecycle of its supplied autonomous hardware kits for the Aurora Driver, from the manufacturing line to decommissioning. The first start of production is expected in 2027, following the expected launch of Aurora Horizon, Aurora's subscription trucking service underpinned by the Aurora Driver, in 2024. "At Continental, we are proud to demonstrate our leading technology expertise by being responsible for the development, manufacturing and implementation of the autonomous driving system kits and the fallback path for Aurora's autonomy system," said Nikolai Setzer, CEO of Continental. "In this exclusive partnership, we bundle our systems competence with Aurora's industry-leading autonomous technology for our common goal to jointly realize the first commercially scalable autonomous trucking systems. A crucial step towards autonomous mobility." "Delivering autonomous vehicles at scale has the potential to dramatically transform modern transportation, bringing new accessibility, safety and efficiency to the movement of goods and people," said Chris Urmson, co-founder and CEO at Aurora. "Continental's legacy in development and industrialization of automated driving systems, combined with its commitment to transform transportation make it an ideal partner for Aurora. Their depth of expertise will be pivotal to scaling Aurora's autonomous trucking service, Aurora Horizon." Increased safety, reduced fuel consumption and quicker delivery times Available documents Share:

Continental Investments

27 Investments

Continental has made 27 investments. Their latest investment was in DeepDrive as part of their Series A on March 3, 2023.

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Continental Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/21/2023

Series A

DeepDrive

$16.09M

Yes

6

2/2/2023

Series A

Kopernikus Automotive

$3.2M

No

1

7/28/2022

Series B

Enjoy Move

$14.82M

Yes

4

6/13/2022

Series C

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10

12/14/2021

Series B

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$99M

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10

Date

3/21/2023

2/2/2023

7/28/2022

6/13/2022

12/14/2021

Round

Series A

Series A

Series B

Series C

Series B

Company

DeepDrive

Kopernikus Automotive

Enjoy Move

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Amount

$16.09M

$3.2M

$14.82M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

6

1

4

10

10

Continental Acquisitions

30 Acquisitions

Continental acquired 30 companies. Their latest acquisition was Trelleborg - Printing Technology Business on May 04, 2023.

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

5/4/2023

$99M

Acquired Unit

1

12/1/2022

$99M

Acquired

2

9/5/2022

$99M

Acquired

3

7/6/2022

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$99M

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10

7/5/2022

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$99M

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10

Date

5/4/2023

12/1/2022

9/5/2022

7/6/2022

7/5/2022

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired Unit

Acquired

Acquired

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Sources

1

2

3

10

10

Continental Partners & Customers

10 Partners and customers

Continental has 10 strategic partners and customers. Continental recently partnered with Aurora on April 4, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

4/27/2023

Client

United States

Continental will build autonomous hardware for Aurora Innovation

Aurora Innovation and Continental AG described the business as an industry-first hardware-as-a-service business relationship based on mileage .

5

3/17/2023

Vendor

Germany

Siemens to automate Continental tire factories

That 's why Continental and Siemens AG have formed a close partnership , one that we are now expanding . ''

1

3/16/2023

Vendor

Germany

1

3/13/2023

Vendor

Germany

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10

1/4/2023

Partner

United States

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10

Date

4/27/2023

3/17/2023

3/16/2023

3/13/2023

1/4/2023

Type

Client

Vendor

Vendor

Vendor

Partner

Business Partner

Country

United States

Germany

Germany

Germany

United States

News Snippet

Continental will build autonomous hardware for Aurora Innovation

Aurora Innovation and Continental AG described the business as an industry-first hardware-as-a-service business relationship based on mileage .

Siemens to automate Continental tire factories

That 's why Continental and Siemens AG have formed a close partnership , one that we are now expanding . ''

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Sources

5

1

1

10

10

Continental Team

22 Team Members

Continental has 22 team members, including current Chief Executive Officer, Elmar Degenhart.

Name

Work History

Title

Status

Elmar Degenhart

Chief Executive Officer

Current

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Name

Elmar Degenhart

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Work History

Title

Chief Executive Officer

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Status

Current

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Compare Continental to Competitors

B
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Bosch Mobility Solutions provides mobility solutions for customers. The company offers solutions for vehicles such as assistance systems, development services, cameras, air management services, sensors, and more. It provides solutions for two-wheelers, commercial vehicles, passenger cars, and more. It was founded in 1886 and is based in Gerlingen-Schillerhohe, Germany.

E
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B
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