Manuel Gabel is head of venture capital at Aumovio, the automotive division of car parts maker Continental that is spinning out this month.
Manuel Gabel, photo courtesy of LinkedIn
Manuel Gabel is now head of venture capital at Aumovio, the newly-named automotive division of the German car parts manufacturer Continental, which is set to be spun off later this month.
Gabel had been head of venture capital at Continental since July 2024 and said in the announcement that Continental’s CVC unit’s brand, Co-pace, will be retained by Aumovio.
As Aumovio’s CVC unit, Co-pace will make investments in deep tech and mobility startups at the series A and B stages.
Gabel joined Continental as a senior investor in 2021. While there, companies he made investments in include DeepDrive, which makes electric motors, and a long-haul trucking operator startup called Trucksters. He was a board member of both companies.
Continental was founded in 1871 and originally made rubber. Today, it is one of the world’s largest automotive suppliers and tyre manufacturers. It launched the Co-pace CVC unit in 2017.
In December, the company announced the automotive division would spin out by the end of 2025 so the business could focus on its tyres and tech and parts offerings.
Aumovio’s product offerings will include systems for software-defined vehicles, electric vehicles and safety. It is expected to list on the Frankfurt stock exchange in September.
