Equityworld Futures - German premium car manufacturer, BMW will invest approximately US $ 533 million for the next 10 years to startups through his division i Ventures.
The investments associated with autonomous technology for which is being intensively conducted in Europe and Asia. It is said, the head office will also be relocated to the Valley as a step Silivon BMW in the future and rapid technological change.
Through investing that exists today in the BMW i Ventures has minority stakes in technology companies based in San Francisco, RideCell providing IT platforms and car sharing services in the US.
In addition, BMW has previously been invested in the ChargePoint that could help expand the network of recharging ChargeNow public that can be used to recharge the battery.
In a statement filed with the members of management of BMW AG responsible for finance, Dr. Friedrich Eichiner company is now focusing on a few fields away from the automobile.
"We now have to grapple with some areas very distant from the automotive manufacturer. We have to know what it is and invest in innovations that promise," said Eichiner.
Meanwhile Peter Schwarzenbauer who is also a member of the management responsible for the brand MINI, BMW Motorrad, Rolls-Royce and BMW sales service adds an atmosphere of openness and mutual exchange of ideas between the company and an important pioneering company to a leader in the field of innovation such as BMW.
Equityworld Futures
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