Renault-Nissan-Mitsubishi Alliance to ‘leverage’ start-up expertise with VC arm

‘Electric, connected and autonomous’ is a phrase now ubiquitous with the automotive industry, but OEMs cannot simply rely on their internal capabilities to achieve this aspiration. By Freddie Holmes

The Renault-Nissan-Mitsubishi Alliance has kicked off 2018 by launching a dedicated venture capital (VC) fund, which over the next five years will invest US$1bn in start-ups that specialise in technologies relevant to ‘next generation’ mobility. Renault and Nissan will split 80% of the funding, with Mitsubishi Motors contributing the remaining 20%. The first year of activity should see US$200m being invested in various early stage companies and start-ups….

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