BMW i Ventures announces new $300 million fund to invest in sustainable technology
BMW i Ventures’2nd goal is to provide tactical value back to the”mothership,” or BMW Group in Munich. By mainly investing in early phase companies, the firm has an early market signal that it can convey back to BMW. Behrendt says for a business like Solid Power, where the innovation is another 4 or 5 years out, there’s a strong collaboration in between BMW’s company system and the business to help them grow.
The company doesn’t run as a conventional business endeavor capital fund, but rather acts individually from BMW while being fully backed by the German automaker.”Sustainable supply chain is one of the things we’re truly interested in right now,” Marcus Behrendt, handling partner at BMW i Ventures, told TechCrunch. BMW i Ventures’second objective is to provide strategic worth back to the”mothership,” or BMW Group in Munich. By primarily investing in early stage business, the firm has an early market signal that it can convey back to BMW. Behrendt states for a business like Solid Power, where the innovation is another four or five years out, there’s a strong collaboration between BMW’s business system and the company to assist them grow.