Hyundai Mobis Hosts an event in Detroit to Find Cutting-edge Tech Startups

One of the biggest suppliers of auto parts and components worldwide, Hyundai Mobis, presented to North American startups about investment opportunities in an effort to establish a partnership for future mobility technologies.

This week, Mobis Mobility Day, which was previously hosted in Silicon Valley, California, was moved to Detroit, which the business described in a press statement as the “home of the automotive industry.”

Hyundai Mobis hosts the event annually to present its business vision and investment status to investors, academics, and startups around the world.

Due to its infrastructure for auto manufacturing, the company stated, Detroit is becoming a center for many mobility startups that leverage AI and software, as well as production and quality control skills. Furthermore, it stated that its recent international orders had primarily been placed by North American clients.

There were talks on mobility trends, especially in the domains of robotics and cleantech, and presentations from some of the 200 local entrepreneurs present, together with employees from Mobis Technical Center of America. With the theme “Mobis in Global,” Hyundai Mobis also unveiled its most recent advancements in software-defined cars, electrification, and automotive electronics.

Mitchell Yun, investment manager at event planner Mobis Ventures Silicon Valley, stated that it is becoming crucial to identify exceptional international businesses and make calculated investments to acquire cutting-edge technology that will drive the paradigm shift in mobility. “We will increase our assistance for business proofs of concept this year, including technological and business feasibility assessments, and fortify our partnership to anticipate the market.”

Since establishing its open innovation hub, Mobis Ventures Silicon Valley, in 2018, Hyundai Mobis has invested more than 200 billion won ($140 million) in companies. The corporation invested $15 million in the U.S. semiconductor company Elevation Microsystems in 2024. It is now collaborating with partners on key technological areas for future mobility, including as lidar for autonomous driving and augmented reality-based head-up displays.