URBAN-X, the Platform by MINI for Startups Reimagining City Life, Announces JVP as its New Venture Partner
MINI and JVP announce a strategic partnership to enhance the URBAN-X platform, promoting startups focused on climate and urban technology solutions. This collaboration aims to support emerging companies from Seed to Series B, providing access to vast networks and expertise. URBAN-X has previously invested in over 71 startups, with 88% continuing to secure further capital. The initiative is crucial for addressing climate change, as urban areas contribute significantly to global CO2 emissions. Applications for participation in URBAN-X are now being accepted on a rolling basis.
- Partnership will bolster URBAN-X's offerings for startups focused on climate and urban innovations.
- URBAN-X has invested in over 71 startups, with an 88% success rate in attracting subsequent funding.
- $1.6 billion management by JVP supports the initiative's financial backing.
- None.
New partnership between MINI and JVP to accelerate the next phase of URBAN-X and support high-impact startups building solutions to tackle climate change creating more livable cities. Applications to join the platform are open and will be selected on a rolling basis.
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With 55 percent of the world’s population living in cities and urban areas accounting for almost three-quarters of all carbon dioxide emissions, innovation in cities is a cornerstone in the global fight against climate change. With this partnership, MINI and JVP will leverage their global networks, strong strategic partnerships, and entrepreneurship expertise to support new ideas and innovators through URBAN-X as they pioneer new technologies in cities across the globe.
“URBAN-X is committed to supporting the most promising innovators along their journeys as they move from idea to impact,” said
The URBAN-X platform combines the expansive network of world-class design, engineering and brand expertise from MINI and the
"Climate tech is the new major technological revolution that is impacting every dimension of our life. It is more than just about alternative energy or innovative mobility. When fintech and healthtech meet climate tech, foodtech and ag tech or when cyber defends the climate –by bringing all the tech ecosystems together, we can change the way we eat, the way we live, and help save our planet.” Said
URBAN-X will be located in Newlab in the Brooklyn Navy Yard and Margalit Startup City NYC, an international innovation center. The Margalit Startup City model is a recognized thematic ecosystem that brings together public, private and social impact stakeholders. Areas Margalit Startup City has focused on to date include FinTech, FoodTech, AgTech and Cyber. The model provides a platform for comprehensive engagement with the latest technologies, academic research and policy makers to enact real change.
Launched by MINI in 2016 as part of their innovation and brand strategy practice focused on improving city life, URBAN-X has since invested in more than 71 startups across the globe. To date, four URBAN-X portfolio companies have been acquired and
“MINI was built on the foundation of innovative and sustainable urban design. With this heritage, we recognize the indispensable role that entrepreneurs, technologists and designers play in the vitality and longevity of our cities,” said
About URBAN-X
URBAN-X is the platform for founders reimagining city life. Built by MINI in 2016, URBAN-X partners with startups to build bold technology solutions for a sustainable planet. Breaking from traditional startup program molds, URBAN-X provides entrepreneurs from Seed to Series B with individualized and tailored support that accelerates growth and builds successful businesses for the next generation of climate- and city-focused innovators. Core to its platform, URBAN-X offers world-class engineering and design resources, industry-leading investment capital from our venture partner JVP, a global network of investors, policymakers, corporate strategies and end-customers, and premier educational content for a global network of founders. Find URBAN-X on Twitter & Instagram at @urbanxaccel and on Facebook at facebook.com/urbanxaccel.
About JVP
JVP, is an internationally renowned venture capital fund based in
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the
In 2021, the
The success of the
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Urban-X related inquiries:
E-mail: molly.hendriksen@berlinrosen.com
MINI related inquiries:
Tel.: +49-89-382-28030
E-mail: franziska.liebert@mini.com
Tel.: +49-89-382-23662
E-mail: andreas.lampka@mini.com
Tel.: +49-89-382-35108
E-mail: jennifer.ruckenbrod@bmwgroup.com
Source: Urban-X
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