On April third, BorgWarner, a Michigan based automotive industry components and parts supplier, announced its first foray into the auto-tech venture capital space, investing 10 million dollars in Palo Alto-based investment firm Autotech Ventures. Brady Ericson, BorgWarnerâ€™s chief strategy officer, who will oversee the investment, answered written questions about the companyâ€™s motivations for entering the Read More..
(Bloomberg) –BMW AG plans to boost its investments in startups, as competition intensifies with new rivals including Tesla Motors Inc. over technologies that make cars smarter and more energy efficient. The luxury-vehicle maker will invest as much as 500 million euros through its iVentures capital fund over 10 years, Munich-based BMW said Monday in a Read More..
ZF Friedrichshafen has founded a venture capital unit that can provide funding to startups and other businesses that are developing technologies that could be of interest to the large southern-German automotive supplier. ZF said the new unit, which is called Zukunft Ventures GmbH, will identify and invest in startups as well as companies that have Read More..
HP Inc. has launched a corporate venture unitÂ that will support early-stage companies with promising new technologies. The California-based computer hardware group also announced it had developed a production-ready 3D printing system. HP Tech Ventures will make strategic investments in disruptive technologies such asÂ 3D transformation, immersive computing, hyper-mobility, Internet of Things, artificial intelligence, and smart machines, Read More..
Deutsche Telekom plans to invest an additional 500 million euros in venture capital and new technologies in an effort to explore new business opportunities outside its core area of activities. The German telecommunications group said it would launch a newÂ company -Â Deutsche Telekom Capital Partners (DTCP) – with a specialist team of investment managers. These have Read More..