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MOVA (Divisão de Inovação & Novos Negócios da Niterra do Brasil)
MOVA is the Innovation & New Business Division of Niterra do Brasil, focusing on corporate innovation and strategic partnerships in Brazil and South America. It aims to expand beyond the automotive sector into health and other emerging industries.
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Overview
MOVA, part of Niterra do Brasil, was founded on August 1, 1959, in Mogi das Cruzes, São Paulo. Initially specializing in automotive components, MOVA has evolved to focus on innovation and investment in new sectors, particularly health. The division operates within the broader Niterra Ventures platform, which has a $100M strategy for investing in Series A+ startups. MOVA emphasizes collaboration with startups and innovation ecosystems to drive corporate expansion beyond its legacy automotive business.
Focus
MOVA specializes in the automotive sector, manufacturing essential components such as spark plugs, ignition coils, and various sensors. The organization is also expanding its focus to include health and mobility innovations, seeking to partner with startups and global companies to drive new product development and service offerings.
Support
MOVA adds value to its portfolio companies through strategic partnerships, access to Niterra's extensive industry expertise, and support in navigating the automotive and health sectors. The organization also provides training programs for automotive professionals, enhancing the skills and knowledge of those in the industry.
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