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Renault-Nissan-Mitsubishi Announces $1 Billion Venture Capital Automotive Fund to Benefit Seattle, World
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(Posted on Jan 11, 2018 at 05:11PM by Billy Kirk)

The worldâ€™s premier automotive partnership, Renault-Nissan-Mitsubishi, announced this week the launch of Alliance Ventures. It stands as a new fund determined to invest as much as $1 billion into industry innovation over the course of the next five years.â€¨â€¨

The venture capital fundâ€™s first year is expected to bring the investment of approximately $200 million in various promising start-ups that focus on the advancement of worldwide mobility, artificial intelligence (AI), and autonomous systems. By the â€œmidtermâ€ period of the companyâ€™s planâ€”2022â€”Renault-Nissan-Mitsubishi expects to have the largest corporate endowment of its type.

Alliance Ventures will first invest in US-based Ionic Materials. That company is currently dedicated to the development of solid-state, cobalt-free battery materials that could find future use in such Nissan EVs as the zero-emissions LEAF. The 2018 version of that vehicle is set to deliver an all-electric output of 147 HP and 236-lb.-ft. of torque with a driving range of 150 miles on a single charge.â€¨â€¨

Give us a call today to discuss all that Nissan has planned through 2022!

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