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Michelin operates as a premier global manufacturer of advanced engineered materials, specializing in composites and mobility experiences. Leveraging over a century of materials science expertise, the company develops and produces a diverse range of products, including high-performance tires for various vehicles, polymer composite solutions for industrial applications, and connected services that enhance vehicle performance and safety. Their technical approach emphasizes innovation in material design and sustainable production practices.
The company was founded in 1889 by brothers André and Édouard Michelin in Clermont-Ferrand, France. Their initial venture stemmed from an observation of the burgeoning need for robust and reliable tires for bicycles and, subsequently, automobiles. This foundational insight propelled them to develop removable pneumatic tires, fundamentally altering personal transport and laying the groundwork for the modern tire industry.
Michelin serves a broad spectrum of customers, from everyday commuters and professional drivers to logistics companies and industries requiring specialized composite materials. The company also reaches a wider audience through its renowned travel guides and mapping services. Michelin’s enduring vision focuses on advancing sustainable mobility and enriching users' journeys and experiences through constant innovation, aiming to offer practical, durable, and environmentally conscious solutions worldwide.
Michelin has 2 tracked investments across 2 companies. The latest tracked deal is $68.0M Debt / Series B in Zeda in March 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 7, 2023 | Zeda | $68.0M Debt / Series B | Berkeley Catalyst Fund, Rami Assal, David YOU, Solvay Ventures | Fives Group, MR. Kobayashi |
| Dec 3, 2021 | DMC Biotechnologies, Inc. | $34.0M Series B | — | Boulder Ventures, Breakthrough Energy Ventures, Capricorn Venture Partners, Cibus Capital, SCG, Sofinnova Partners, Solvay Ventures |