# Magna International

> Magna International is a VC fund in Aurora backing Automotive and Software. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Aurora, Canada
- Total investments: 25
- Last investment: Jul 2025
- Lead investor: 32%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/magna-international
- X (Twitter): https://twitter.com/magnaint
- Website: http://www.magna.com/
- Facebook: https://www.facebook.com/MagnaInternational

Magna International is a VC fund in Aurora focused on Automotive and Software. Magna is a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. Magna has over 130,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. Magna's product capabilitiesinclude producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

## Contacts

5 contacts available for Magna International. Shizune tracks 10 team members at Magna International. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/magna-international-inc?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $16M–$2.3B |
| Series B | $19M–$2.5B |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 8 | 32% |
| Software | 5 | 20% |
| Transportation | 5 | 20% |
| Artificial Intelligence | 4 | 16% |
| Manufacturing | 3 | 12% |

28 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 5 | 20% |
| Series A | 4 | 16% |
| Funding Round | 4 | 16% |
| Corporate Round | 2 | 8% |
| Post-IPO Equity | 2 | 8% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 8 | 32% |
| Israel | 3 | 12% |
| Canada | 2 | 8% |
| India | 1 | 4% |
| United Kingdom | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Josh Berg | Director, Innovation Ventures | 1 | https://shizune.co/investors/profile/josh-berg-2 |
| Swamy Kotagiri | CEO | 2 | https://shizune.co/investors/profile/swamy-kotagiri |
| David Goldberg | Senior Vice President, Corporate Development | 0 | https://shizune.co/investors/profile/david-goldberg-3f9e |
| Frank Stronach | Founder | 0 | https://shizune.co/investors/profile/frank-stronach |
| Haley Rusicka | Senior Marketing Specialist- Magna Exteriors | 0 | https://shizune.co/investors/profile/haley-rusicka-57cd |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Yulu | Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model. | $2.9M | Corporate Round | Jul 04, 2025 |  |
| Cartken | Cartken is a delivery robot developer that specializes in transporting items over small distances and within neighborhoods. The company's robots are outfitted with several sensors and cameras that allow them to stop on a dime to prevent collisions and choose the least hazardous routes. They also provide a quick deploy option that does notrequire integration, making it extremely simple to get started. | $10M | Venture - Series Unknown | Jul 03, 2024 |  |
| Yulu | Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model. | $19.3M | Series B | Feb 23, 2024 |  |
| Niron Magnetics | Niron develops innovative advanced magnetic materials for high performance and low-cost permanent magnets. Permanent magnets play a vital, hidden role in modern technologies. Common devices that we use daily, such as computers, appliances, and automobiles are powered by permanent-magnet motors that convert electricity to motion. In the productionof electricity, permanent magnets are found at the heart of generators.Despite their ubiquity, however, magnets themselves have not kept pace with demands of higher performance, lighter weight machines. In fact, it has been almost 25 years since the last new magnetic material (NdFeB) became commercially available. As hybrid and electric vehicles fill the streets, and wind power generation continues to be one of the fastest growing means of producing electricity, the demand for increased efficiency needs to be met with innovative new magnetic materials.Niron Magnetics is developing the world’s first advanced manufacturing process for the mass production of permanent magnets powered by our breakthrough material formulation. Niron’s proprietary Iron nitride magnets possess inherently higher magnetization and can be produced at a lower cost compared to today’s rare-earth magnets, and will enable a revolution in the design of new electric motors and generators.Niron was founded in 2014 as a spinout of University of Minnesota and is based on technology that has received the support of ARPA-E, the National Science Foundation (NSF), and the Department of Energy Office of Basic Energy Sciences. | $25M | Venture - Series Unknown | Feb 20, 2024 |  |
| Yulu | Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model. | $82.3M | Series B | Sep 12, 2022 |  |
| Sanctuary Cognitive Systems Corporation | Sanctuary AI is an artificial general intelligence company founded in January 2018, and is based in Vancouver, B.C. Sanctuary's mission is to build synthetic humans – “synths” – that are indistinguishable from us physically, cognitively and emotionally. The company is structured to explore both cutting edge technology and the ethical issuesthat arise from creating human-like machines. | $59.7M | Series A | Mar 02, 2022 |  |
| Addionics | Addionics is creating next-generation batteries through intelligent 3D battery architecture and engineering. It provides specialized improved rechargeable batteries by redesigning their architecture.With the largest markets in mind, the company invents new energy storage with higher energy density, lower charging time, and improved heat safety.Addionics is developing a new technology that transforms how energy is stored and delivered, positively impacting the environment. Today, the company is accelerating the development and scale-up of its proprietary technology to create the next generation of batteries to power the future. It provides specialized improved rechargeable batteries by redesigning their architecture. | $27M | Series A | Jan 25, 2022 |  |
| Yulu | Yulu is a micro-mobility platform that is solving for traffic congestion and air pollution in India by providing human and battery powered micro-light 2 wheelers. Yulu uses IoT, Cloud, and AI to create a vast network of shared dockless vehicles that can be rented easily by an app in pay per use business model. | $7M | Debt Financing | Dec 09, 2021 |  |
| REE Automotive | REE is an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. REE’s mission is to empower global mobility companies to build any size or shape of electric or autonomous vehicle – from class 1 through class 6 – for any application and any target market. Our revolutionary, award-winning REEcornertechnology packs traditional vehicle drive components (steering, braking, suspension, powertrain and control) into the arch of the wheel, allowing for the industry's flattest EV platform. Unrestricted by legacy thinking, REE is a truly horizontal player, with technology applicable to the widest range of target markets and applications. Fully scalable and completely modular, REE offers multiple customer benefits including complete vehicle design freedom, more space and volume with the smallest footprint, lower TCO, faster development times, ADAS compatibility, reduced maintenance and global safety standard compliance. | $300M | Post-IPO Equity | Jul 23, 2021 |  |
| Waymo | Waymo stands for a new way forward in mobility. it is a self-driving technology company with a mission to make it safe and easy for people and things to move around.Waymo improves transportation by building software and sensor technology developed in Google’s labs since 2009. In October 2015, they achieved the world’s first fully self-drivingtrip on public roads, in a car without a steering wheel or pedals. They refine Waymo technology through one billion miles of simulation testing each year, and the cars have self-driven over two million miles on public roads across four U.S. cities.It was founded in 2009 and is located in Mountain View, California. | $2.5B | Private Equity | Jun 16, 2021 |  |

10 of 25 investments shown.

## Co-investors
- [AutoNation](https://shizune.co/investors/profile/autonation) — VC Fund, 4 deals together
- [CPP Investments](https://shizune.co/investors/profile/canada-pension-plan-investment-board) — VC Fund, 4 deals together
- [Mubadala Capital Ventures](https://shizune.co/investors/profile/mubadala-ventures) — VC Fund, 4 deals together
- [Silver Lake](https://shizune.co/investors/profile/silver-lake) — VC Fund, 4 deals together
- [Alphabet](https://shizune.co/investors/profile/alphabet) — VC Fund, 3 deals together
- [Andreessen Horowitz](https://shizune.co/investors/profile/andreessen-horowitz) — VC Fund, 3 deals together

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## FAQ

### What does Magna International invest in?

Magna International invests primarily in Automotive, Software and Transportation startups, most often at Series B and Series A stage. Most of the 25 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Magna International's check size?

Magna International typically joins rounds of $16M–$2.3B at Series A and $19M–$2.5B at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Magna International participates in.

### How do I contact Magna International?

Public channels for Magna International include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Magna International?

The team at Magna International includes Josh Berg (Director, Innovation Ventures), Swamy Kotagiri (CEO) and David Goldberg (Senior Vice President, Corporate Development), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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