BMW Group expands successful BMW i Ventures judgment and stairs adult partnership with start-ups

Posted on 29. Nov, 2016 by in BMW Canada

 

  • Own try collateral account with adult to € 500 million over ten years
  • Widened operation of investment
  • Greater independence
  • Presence in start-up heart Silicon Valley

 

Munich/Mountain View. The BMW Group is expanding the
successful judgment behind a try collateral section and formulating a
venture collateral account of adult to 500 million euros
over 10 years. This will concede BMW i Ventures to make
investments in a wider operation of areas, such as
unconstrained pushing and digitalisation, and to secure continued access
to a technologies of a future. BMW i Ventures, that was founded
in New York in 2011 with an initial try collateral of 100 million
dollars, is relocating a domicile to Silicon
Valley
, a categorical heart for start-ups in a US. With a
high turn of autonomy
, a try collateral section will be
means to make quick investment decisions and win successful and
earnest start-ups worldwide as partners.

 

Investments in start-ups have proven intensely promising, both from a
vital and an mercantile perspective, and emanate tolerable value
for a BMW Group. The BMW i Ventures unit, shaped as partial of BMW i,
underlines BMW i’s purpose as a spearhead of creation within a BMW
Group and secures a company’s station as a record pioneer. With
a enlargement of BMW i Ventures, a BMW Group is now holding a next
judicious step in doing of a Strategy Number ONE NEXT.

 

“These days, some-more and some-more innovations come from a start-up scene.
Venturing allows us to daub into this intensity during an early stage. To
grasp this, we are now giving BMW i Ventures a many broader footing
and will enhance a impasse in Europe and Asia, as good as during our
new plcae in Silicon Valley,” explained Peter
Schwarzenbauer
, member of a Board of Management of BMW AG,
obliged for MINI, BMW Motorrad, Rolls-Royce and Aftersales. “The
atmosphere of radical honesty and idea-driven sell that
characterises a start-up theatre is quite cultivatable for an
creation personality like BMW,” he added.

 

The BMW Group’s venturing proceed is formed on sell in both directions:

 

Outside-in: Minority land by BMW i Ventures in a best, most
innovative start-ups yield a BMW Group with outmost entrance to
innovations and secure a company’s purpose as a record pioneer.

 

Inside-out: BMW i Ventures not usually provides financial support for
start-ups, though also contributes inner non-monetary resources or
“smart capital”, such as technical imagination and entrance to a network
of an determined tellurian player.

 

“The mobility of a destiny and a attention is being tangible by the
increasingly fast gait of technological change. Anyone who wants to
attain contingency figure this change and have entrance to a best ideas,”
according to Klaus Fröhlich, member of a Board of
Management of BMW AG, obliged for Development. “BMW i Ventures
keeps us tighten to trendsetters from all opposite fields and their
innovations. The advantage for a partners is in entrance to the
knowledge that comes from 100 years of car-building and managing
formidable topics and processes. Together, we can speed adult a gait of
change and development,” Fröhlich continued.

 

Going forward, BMW i Ventures will work exclusively and globally
underneath a care of dual handling partners – Ulrich Quay and Uwe
Higgen – and will news on a activities to a BMW Group Steering
Board, comprising 3 Board of Management members and a conduct of
Corporate Planning and Product Strategy. This will give BMW i Ventures
substantial liberty and concede it to make investment decisions
quickly, as necessitated by a industry.

 

“We are traffic with a constantly flourishing operation of topics that extend
distant over automotive manufacturing. We have to be peaceful to explore
new directions and deposit in earnest creation drivers,” said
Dr. Friedrich Eichiner, member of a Board of
Management of BMW AG, obliged for Finance.

 

BMW i Ventures’ prior concentration on mobility services and
electro-mobility will be stretched to cover a BMW Group’s full
creation spectrum in all areas of Strategy Number ONE NEXT,
even those outward of a normal automotive value chain. Future
topics for scrutiny will concentration on “Enabling Technology and Digital
Vehicle Technology”, “Mobility and Digital Services”, “Customer
Experience” and “Advanced Production Technology”.

 

BMW i Ventures was founded in New York City in 2011 underneath a BMW i
sub-brand, alongside mobility services, as partial of a strategic
realignment of a BMW Group. Since a formation, BMW i Ventures has
finished some-more than 15 successful investments in various
mobility-related start-ups.

 

Since 2014, for example, BMW i Ventures has hold a minority interest
in San Francisco-based record start-up RideCell.
Since Apr of this year, as a systems partner of ReachNow, a BMW
Group’s reward car-sharing use in a United States, RideCell has
been obliged for a IT height and all patron interfaces used
for reservations and billing.

 

Another instance is Chargepoint, headquartered in
Campbell, California, that is another of BMW i Ventures’ portfolio
companies. Chargepoint, with a some-more than 31,000 charging points,
successfully cooperates with ChargeNow, a BMW Group use that
provides easy entrance to a usually flourishing network of open charging
stations. In a corner plan with BMW and another manufacturer,
Chargepoint has also commissioned 95 fast charging stations on a East
and West seashore of a US.

 

BMW i Ventures’ many new investment, in Silicon Valley-based
association Carbon3D, already reflects a venture
collateral unit’s stretched focus. It provides a BMW Group with the
event to extend a existent cunning in a margin of additive
prolongation technologies.

 

If we have any questions, greatfully contact:

 

Christina Hepe, Business and Finance Communications

Telephone: +49 89 382-38770, email: christina.hepe@bmw.de

 

Glenn Schmidt, Head of Business and Finance Communications

Telephone: +49 89 382-24544, email: glenn.schmidt@bmwgroup.com

 

 

 

The BMW Group

 

With a 3 brands BMW, MINI and Rolls-Royce, a BMW Group is the
world’s heading reward manufacturer of automobiles and motorcycles
and also provides reward financial and mobility services. As a global
company, a BMW Group operates 31 prolongation and public facilities
in 14 countries and has a tellurian sales network in some-more than 140 countries.

 

In 2015, a BMW Group sole approximately 2.247 million cars and
scarcely 137,000 motorcycles worldwide. The distinction before taxation for the
financial year 2015 was approximately € 9.22 billion on revenues
amounting to € 92.18 billion. As of 31 Dec 2015, a BMW Group
had a workforce of 122,244 employees.

 

The success of a BMW Group has always been formed on long-term
meditative and obliged action. The association has therefore established
ecological and amicable sustainability via a value chain,
extensive product shortcoming and a transparent joining to
conserving resources as an constituent partial of a strategy.

 

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