Mexican Media Brands
Nokia Launches Connected Car Fund
Nokia Corp. is creating a $100 million fund to invest in companies that are developing innovations for connected vehicles.
Share
Nokia Corp. is creating a $100 million fund to invest in companies that are developing innovations for connected vehicles.
The program will be run by Nokia Growth Partners, the company's venture capital unit. Nokia Growth manages some $700 million in Nokia investments in China, Europe, India and the U.S.
Nokia's HERE unit develops mapping and location products and services. The group was created by Nokia's acquisitions of Chicago-based Navteq Corp. in 2008 and 3-D map technology provider Earthmine Inc. in 2012. The Finnish company says the new fund will help develop services around HERE's capabilities.
Nokia, which completed the sale of its mobile phone business to Microsoft Corp. in April, has redirected itself in three areas: network infrastructure, location services and advanced technology development and licensing.
RELATED CONTENT
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
