BroadBit Wins the Kapsch TrafficCom FACTORY1 Accelerator Award
Today, BroadBit Batteries was announced to be among the winners of the first ever Kapsch TrafficCom Factory1 Award. BroadBit was chosen out of 285 applicants from 61 countries for this prestigious recognition of innovation and value.
“As a pure hardware company, it was, a first, a big surprise to win this award since Kapsch TrafficCom is currently focused much more on software solutions than hardware”, said BroadBit CEO, David Brown. “But Kapsch is a very forward looking and innovative company and they see the tremendous potential and promise of our battery technology, both for their immediate business and beyond”, he continued.
BroadBit, together with the other 6 winners of the award, will be developing a proof-of-concept with Kapsch TrafficCom over the next six months, which will be presented at the ITS World Congress in Montreal, Canada in October.
About Kapsch TrafficCom:
Kapsch TrafficCom is a leading global provider of intelligent transportation systems (ITS). The end-to-end solutions of Kapsch TrafficCom cover the entire value creation chain of its customers as a one-stop shop, from components and design to the installation and operation of systems. As part of the Kapsch Group, an Austrian family-owned technology group founded in 1892, Kapsch TrafficCom is headquartered in Vienna, Austria, and has subsidiaries as well as branches in 30 countries.
- Annual revenue of EUR 649 million.
- 4.800 employees worldwide.
- EUR 85 million invested in R&D every year.
- Projects in 44 countries on all continents.
- Stock-listed since 2007.
- Investments in 5 startups.
7 program participants. 6 months of business development. 7 proof-of-concept projects. Equity-free accelerator participation.125 years of expertise Factory1 is a 6-month business development startup accelerator that supports entrepreneurs working on the next big ideas in the mobility sector. Throughout the program Kapsch offers exceptional entrepreneurs opportunities to build joint proof-of-concept projects as a foundation for long-term strategic relationships.