2022, October 20th – EQUIP AUTO Paris has been a major event in the automotive aftermarket since 1975. On this occasion, NEXUS Automotive International places innovation as both a necessity and an opportunity in the context of major transformation.
After presenting its new strategy during AutoMechanika Frankfurt, the company has three main priorities:
– A priority: accelerating growth
– A necessity: capitalize on innovation
– An emergency: sustainable development
NEXUS Automotive International specifies and reinforces its strategy in terms of innovation around 3 pillars:
1- Investing through the Mobilion venture capital fund, created in Tel Aviv 3 years ago. This will enter phase 2 of its development thanks to a fundraising of 100 million euros scheduled for 2023.
2 – Identifying and supporting innovation players in the AA
Sparker, a global innovation ecosystem is dedicated to accelerating and servicing startups in the “Green & Smart” mobility sector of the automotive aftermarket. Led by Benoît Ducorps, it will be launched in November in Barcelona.
Its ambition is to identify, select and support existing start-ups on all continents in order to draw-up a comprehensive vision of the start-up ecosystem in cooperation with several strategic co-investors.
3 – Diversifying the portfolio
Identifying and investing are not enough: it is essential to offer innovation to the N! community by integrating it into the group’s business model.
This is the reason why NEXUS has created an innovation committee to orchestrate its diversification. It is composed of internal and external experts ruling on new products and services identified through several categories including Safety, EV, Mobility and, Sustainability. This committee will allow NEXUS to identify the most promising AA products and services; and will provide the opportunity to test, adopt and use these new offers, in order to create more value.
Sparker will manage, track and select start-ups that are presenting products & services which can be used and commercialized in the industry and de facto, allow its community to better prepare for the massive evolutions to come.
Thierry Mugnier, Chief Financial & Innovation Officer of NEXUS, said: “Since its creation, NEXUS has placed innovation at the heart of its investment strategy. The major challenges facing our industry between now and 2035 – electrification, digitalization, and consolidation – can only be overcome if we innovate and stay close to the ecosystems. Digitalization and sustainable mobility will be key to the accelerated growth we are hoping for. This is what is driving us to accelerate the diversification of our activities in order to be able to offer THE sustainable mobility services of tomorrow.”
About NEXUS Automotive International
Established in 2014 by CEO Gaël Escribe, NEXUS Automotive International, the leading automotive aftermarket (AA) global community, is shaping the future of the AA.
Thanks to an entrepreneurial, innovative and agile mindset, N! disrupts the industry bringing innovative solutions for a more sustainable, digital and connected mobility. At the same time, it supports its community of more than 150 members in 138 countries, allied with 78 global suppliers, by providing services to accelerate their growth.
N! is offering new approaches and new ideas for a connected, global and consolidated world of tomorrow to accelerate the success of car and heavy duty spare parts and services distributors and manufacturers, through 18 regional structures that connect them.
NEXUS’ consolidated turnover was more than 34 billion euros in 2021.
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Julie Fontaine, Corporate Communication Manager
+ 33 6 26 73 39 03