Stellantis launches venture capital fund with initial 300 million euro investment

📆 3/16/2022 11:10 AM
📰 ChannelNewsAsia

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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 fund, called Stellantis Ventures, will initially invest 300 million euros ($330

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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