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Hyundai to invest in Israeli smart glass startup | Automotive Industry News

Hyundai Motor is thinking about investing in a smaller Israeli manufacturer of clever glass to aid it establish solutions for new cars, in accordance to reviews in South Korea.

The automaker was explained to be in talks with Gauzy, a manufacturer of liquid crystal glass panels for a range of end user apps, generally in automotive and development.

Gauzy uses clever glass to make vehicle sunroofs, automotive windscreens and windows and transparent/opaque glass panels for buildings.

The report, citing a business spokesman, prompt Hyundai was hunting to use Gauzy technology and solutions in following generation, surroundings welcoming passenger cars and in long term city air mobility cars. 

Hyundai reportedly has teamed up with Singapore based mostly undertaking fund BlueRed Partners and US elements science firm Avery Dennison to make the financial investment in the Israeli startup with a planned financial investment of KRW4bn (US$three.3m).

Hyundai Motor has stated its intention to come to be a ‘mobility solutions’ provider which includes air taxi expert services across main metropolitan areas working with drone technology.