December 18, 2022 - Plug and Play, a global innovation platform and prevalent early-stage investor, announced the expanding of its partnership with Novelis, a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling. Novelis, which is a supplier of low-carbon lightweight aluminum for commercial transportation and electric vehicles, will join Plug and Play Mobility's platforms in the UK and Detroit, in addition to an existing program in Stuttgart.
Plug and Play’s Mobility innovation platform consists of more than 90 leading brands throughout the mobility value chain, from parts and equipment manufacturers to vehicle designers and beyond. Partner organizations work as part of an ecosystem, alongside start-ups, academia, and investors to explore the best technologies and innovations that can be commercially deployed for autonomous transport, smart infrastructure, last-mile logistics, and other areas that will define the future of the automotive industry.
In the UK, Novelis joins a roster of mobility partners that includes founding partner Jaguar Land Rover, and anchor partners Advanced Propulsion Centre and Zenzic. Novelis will also become part of the Detroit platform, which includes partners Stellantis and BorgWarner.
The primary objective of the partnership is to support Novelis as it explores and pilots new technologies for carbon reduction, recycling, mobility solutions, industry 4.0 and electrification.
“Partnering with a leading organization like Plug and Play gives Novelis the opportunity to supercharge innovation within our strategic domains,” said Derek Prichett, Senior Vice President of Corporate Development at Novelis. “Through this partnership, Novelis’ corporate ventures arm will provide start-ups with the manufacturing expertise they need to accelerate growth and shape the future of the mobility industry.”
Founder and CEO of Plug and Play, Saeed Amidi, commented, “Novelis has been an important partner of Plug and Play for over two years and we're thrilled to expand this partnership. Novelis offers valuable expertise for the startups and corporations in our innovation ecosystem and we look forward to seeing the ground-breaking work that is bound to come.”
About Plug and Play
Plug and Play is the leading innovation platform, connecting start-ups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 50+ locations across 5 continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize start-up acceleration programs and have built an in-house VC to drive innovation across multiple industries where we've invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit www.plugandplaytechcenter.com
Novelis Inc. is driven by its purpose of shaping a sustainable world together. They are a global leader in the production of innovative aluminum products and solutions and the world's largest recycler of aluminum. Novelis' ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with its suppliers, as well as customers in the aerospace, automotive, beverage can and specialties industries throughout North America, Europe, Asia and South America. Novelis had net sales of $17.1bn in the 2022 fiscal year. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.