BMW boosts corporate venture investment pool to $900 million

Topics BMW | Automakers | luxury car market


German automaker BMW has established a second corporate venture fund, earmarking $300 million to bankroll startup companies focused on sustainability, advanced manufacturing and future transportation, the company said Wednesday. BMW i Ventures, based in Mountain View, California, will manage the fund, as well as continuing to disburse money from its initial 500-million-euro fund.

The two funds bring BMW's total venture investment pool to nearly $900 million, one of the largest in the global auto industry. Toyota Ventures, the.

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