Molex Expands Strategic Investment Platform with Venture Initiative
Molex Ventures advances innovative startups to create demonstrable
and lasting value
LISLE, Ill.–(BUSINESS WIRE)–Building on a longstanding commitment to foster and accelerate growth by
commercializing innovation through strategic relationships with
startups, Molex Electronic Technologies, LLC (“Molex”) has formally
announced the formation of a new subsidiary, Molex Ventures, LLC (“Molex
Ventures”), wholly dedicated to solving industry challenges and creating
value through emerging technologies. Molex Ventures specializes in
investments and collaborations with startup companies that can leverage
Molex design and manufacturing capabilities.
“Fostering the cross-pollination of ideas and capabilities can serve as
a catalyst for transformational innovation. As a technology leader,
Molex welcomes opportunities to forge strategic relationships with
startups at key stages in their development,” said Lily Yeung, vice
president, Molex Ventures. “We are proactively seeking collaborations
with startups that have developed a successful solution or concept and
are ready to take their innovation and commercial growth to the next
Molex Ventures seeks relationships that are closely aligned with broader
business strategies in a wide range of industry sectors, including
Medical and Pharmaceutical sensors, connected health and point of care
diagnostics; Automotive connected mobility, electrification and
autonomous driving; Industry 4.0 sensors, robotics and data analytics
platforms; and Electronics Packaging Technologies.
The Molex Ventures portfolio includes recent investments and
NuCurrent – Embedding innovative antenna technologies into mobile
Ossia – Expanding market access to the Cota Real Wireless Power
- Excelfore – Creating integrated in-vehicle connected platforms
“Strategic relationships must go beyond investments to create a whole
greater than the sum of its parts,” adds Yeung. “Molex Ventures can help
innovators bring successful concepts to fruition and achieve
demonstrable value by scaling up production and delivering on projects
Manufacturing complexity and overall costs are common challenges for
startup companies working to bring important technologies to market.
Molex Ventures structures relationships that offer the resources needed
to overcome barriers to technology integration and manufacturability.
Relationships with companies developing technologies that complement
Molex solutions may comprise a combination of engineering,
manufacturing, intellectual property and licensing strategies.
Molex brings together innovation and technology to deliver electronic
solutions to customers worldwide. With a presence in more than 40
countries, Molex offers a full suite of solutions and services for many
markets, including data communications, consumer electronics,
industrial, medical, automotive and commercial vehicle. For more
information, please visit www.molex.com.
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listed herein belong to their respective owners.
Senior Vice President