Alliance Ventures News
4 articles
The Israeli lab where the cars of the future are being formulated
The Renault-Nissan-Mitsubishi Innovation Lab in Tel Aviv focuses on advancing state-of-the-art mobility, particularly in the areas of vision sensors, cybersecurity, data, and AI. The lab collaborates with Israeli startups to identify and test technologies for future cars and services. The lab has more than 30 collaborative projects with Israeli startups and is led by Etienne Barbier. Alliance Ventures, a strategic venture capital fund, has invested in the lab and two Israeli startups. The lab aims to bring external innovation to the Alliance and sees Israel as a top innovation hub. The lab is focused on cybersecurity, sensors, and other fields related to autonomous, electric, and connected cars.
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New $1 Billion Venture Capital Fund Launched by Renault-Nissan-Mitsubishi
Renault-Nissan-Mitsubishi has launched Alliance Ventures, a strategic fund that aims to invest $1 billion over the next five years in new mobility technology. The fund will focus on high potential startups and open innovation companies in areas such as electric vehicles, vehicle connectivity, and autonomous systems. The CEO of Renault-Nissan-Mitsubishi, Carlos Ghosn, stated that the fund reflects the alliances collaborative spirit and entrepreneurial mindset. The first investment of the fund will be in Ionic Materials, a US-based company developing solid-state electrolyte and cobalt-free batteries.
Investment
Renault-Nissan-Mitsubishi Establishes a $1 Billion Venture Fund
Renault-Nissan-Mitsubishi announced that they will spend $1 billion over the next five years on automotive acquisitions and investments through a venture capital fund called Alliance Ventures. The fund will target startups and mature companies focused on vehicle electrification, autonomous systems, connectivity, artificial intelligence, and other new mobility technologies. The group plans to spend $200 million in the first year and will start with an investment in Ionic Materials, Inc. Renault and Nissan will each have a 40% stake in the fund, while Mitsubishi Motors will have 20%. The fund will operate as an independent entity and seek out investments in major tech hubs around the world.
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Renault-Nissan-Mitsubishi sets up $1b VC fund with Israel office
Renault-Nissan-Mitsubishi has launched Alliance Ventures, a corporate venture capital fund that plans to invest up to $1 billion in auto-tech over the next five years. The fund will focus on new mobility, including vehicle electrification, autonomous systems, connectivity, and artificial intelligence. In its first year, the fund expects to invest up to $200 million in startups and open innovation partnerships. Alliance Ventures aims to become the largest corporate venture capital fund in the automotive industry. The fund will be led by François Dossa and will have offices in Silicon Valley, Paris, Yokohama, Beijing, and Tel Aviv. Renault-Nissan-Mitsubishi sold over 10 million vehicles in 2017 and aims to launch 12 pure electric models and 40 vehicles with autonomous drive technology by the end of its strategic plan.
Investment