As the auto industry transforms, Magna’s commitment to innovation and collaboration with the startup ecosystem continues to gain momentum.

In its latest activities, Magna has partnered with StartUs Insights to help create
more and deeper connections with the startup community in Europe.StartUs Insights is an innovation network that connects the European startup community and
makes it accessible to its partners. The company uses networking and intelligent algorithms to closely monitor Europe for startup companies.

Working together with Magna, StartUs Insights will leverage its growing data base containing over one hundred thousand startups, its extensive network in Europe and a variety ofcommunications channels to scout potential technologies, assess the market with performance metrics, and promote Magna to startups.

In addition, kicking off the partnership is the Driving the Future of Mobility challenge, a
competition for startups and innovators shaping the transportation industry. Across four unique
challenges, finalists will compete for €28,000 in prize money as well as the the potential to
continue working with Magna.