BMW Group Announces Cooperation with Los Angeles Cleantech Incubator.

Munich / Mountain View, CA – June 6, 2018. The BMW
Group continues to build on its leading international role in the
field of sustainable mobility, announcing today a new partnership with
the non-profit Los Angeles Cleantech Incubator (LACI) to develop clean
solutions for future urban transportation.

 

As part of the cooperation, BMW Group kicks off its annual BMW Group
Dialogue Series at LACI on June 6th and 7th. The
theme for this year’s series of sustainability-oriented stakeholder
discussions is “Cities in Progress,” which will focus on analyzing the
specific transportation challenges facing cities and debating concrete
solutions for improving quality of life.

 

 “The BMW Group is a leader in the field of premium mobility, with
more than a quarter of a million electrified BMW Group vehicles on the
world’s roads and a range of connected and mobility services,” said
Simon Euringer, VP of the BMW Group Technology Office USA. “The
Incubator is an ideal partner for us as LACI pursues the same goals as
the BMW Group and also has innovative visions and strategies”.

 

The purpose of LACI’s zero emissions transportation partnership is to
bring together key partners to accelerate transportation
electrification and zero emissions goods movement by the time the
world arrives in Los Angeles by 2028. 

 

“We are so pleased that the BMW Group has decided to kick off their
‘Cities in Progress’ Dialogues here at LACI— it’s particularly fitting
as BMW has committed to join with public and private sector leaders,
utilities and regulators in LACI’s newly formed transportation
innovation and electrification partnership,” stated Matt Petersen,
LACI President and CEO.

 

“Given BMW is a driving force in urban mobility, we look forward to
working together to establish the Zero Emissions 2028 Road Map, pilot
new mobility innovations and identify opportunities for start up
while fighting climate change, reducing air pollution and improving
quality of life in our cities.”

 

The cooperation between LACI and the BMW Group will be managed
locally from the BMW Group Technology Office USA in Mountain View, CA.

 

Sharing know-how and promoting innovative ideas

As city populations continue to grow across the world, so too do the
challenges and opportunities for premium urban mobility. With billions
of transportation infrastructure upgrades slated over the next ten
years, the broader Los Angeles region is uniquely positioned to create
a transportation future that evolves beyond automobile-centric transit
toward modern, multimodal transit.

 

The annual BMW Group Dialogues bring together representatives from
cities, companies, institutes, universities, and residents to listen
to one another and discuss issues as equals. Based on these dialogues,
the BMW Group aims to refine its own strategy and become a driving
force for urban mobility in cities over the long term.

 

The “Cities in Progress” BMW Group Dialogues begin on June
6th in Los Angeles, which is emerging as a key innovator in
the development and implementation of cutting edge mobility
technology. Subsequently, this year’s BMW Group Dialogues will travel
to Melbourne, Shenzhen, Rotterdam and Berlin. Each event consists of
two workshops, attended by 30 to 40 stakeholders and the same number
of students. In all five cities, topics such as population density,
regulation and infrastructure will be discussed with eminent
stakeholders to create a comprehensive picture of all challenges in
the respective cities.


As part of the BMW Group Dialogues, the BMW Group is also
working with the C40 group, a global network of 90 cities worldwide
committed to fighting climate change and reducing greenhouse gases in
cities through targeted measures.

 

If you have any queries, please contact:

 

Milena Pighi, BMW Group Sustainability Communications

Telephone: +49-89-382-66563

Milena.PA.Pighi@bmw.de

 

Kai Zöbelein, BMW Group Sustainability Communications

Telephone: +49-89-382-21170

Kai.Zoebelein@bmw.de

 

The BMW Group

 

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW
Group is the world’s leading premium manufacturer of automobiles and
motorcycles and also provides premium financial and mobility services.
The BMW Group production network comprises 30 production and assembly
facilities in 14 countries; the company has a global sales network in
more than 140 countries.

 

In 2017, the BMW Group sold over 2,463,500 passenger vehicles and
more than 164,000 motorcycles worldwide. The profit before tax in the
financial year 2017 was € 10.655 billion on revenues amounting to
€ 98.678 billion. As of 31 December 2017, the BMW Group had a
workforce of 129,932 employees.

 

The success of the BMW Group has always been based on long-term
thinking and responsible action. The company has therefore established
ecological and social sustainability throughout the value chain,
comprehensive product responsibility and a clear commitment to
conserving resources as an integral part of its strategy.

 

www.bmwgroup.com

Facebook: http://www.facebook.com/BMWGroup

Twitter: http://twitter.com/BMWGroup

YouTube: http://www.youtube.com/BMWGroupview

Google+: http://googleplus.bmwgroup.com

 

 

About LACI

The Los Angeles Cleantech Incubator (LACI) is a private non-profit
organization creating an inclusive green economy by unlocking
innovation (working with startups to accelerate the commercialization
of clean technologies), transforming markets (through partnerships in
transportation, energy and sustainable cities) and enhancing
communities (through workforce development, pilots and other programs).

 

Founded as an economic development initiative by the City of Los
Angeles and its Department of Water Power (LADWP), LACI is
recognized as one of the most innovative business incubators in the
world by UBI.

 

In the past six years, LACI has helped 73 portfolio companies raise
$184M in funding, $220M in revenue, create 1,700 jobs, and deliver
more than $379M in long term economic value. For more information,
please visit http://laci.org and follow us on Facebook and Twitter @LACIncubator.