Stellantis launches venture capital fund with initial 300 million euro investment

MILAN : Carmaker Stellantis said on Wednesday it launched its first venture capital fund aimed at investing in startup companies developing technologies that could be deployed within the automotive and mobility industries.

The decision is part of Stellantis' wider strategy spelled out earlier this month in the company's first business plan. "Stellantis Ventures will accelerate our transformation as we adopt new technologies developed by innovative startups, while fostering their growth potential," he said.

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