BMW invests in MacroFab

BMW i Ventures, the automotive conglomerate’s investment arm, has acquired a stake in MacroFab — a Houston-based cloud manufacturing platform for building electronics from prototype to high-scale production.

“MacroFab is on track to continue its rapid growth based on the strength of its proprietary software platform, extensive manufacturing network, and seasoned management team,” said BMW i Ventures’ Baris Guzel.

MacroFab reportedly secured US$42 million (P2.291 billion) in growth funding through various investors — of which BMW i Ventures was a part of. With it, MacroFab looks to continue to grow amid the ongoing transformation of the global supply chains.

“We are in the earliest stages of repositioning the supply chain to be more localized and focused on what matters to customers most — ability to deliver on time and adapt to changing business requirements with a more responsible ecological footprint. Technology built at MacroFab will be fundamental to building this new operating model,” said MacroFab Chief Executive Officer Misha Govshtevn.

Other recent investments made by BMW i Ventures include companies like Alitheon.

Photos from BMW 

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