Bosch Is Investing R4.2 Billion In Tech Startups

Despite the challenging business environment, Bosch, the world’s largest automotive supplier, is raising its venture-capital funding for the current business year. Robert Bosch Venture Capital GmbH, a subsidiary of Bosch Venture Capital GmbH, has created a new fund to support startups.

The fund has a total volume of 250 millions euros or R4.2 trillion.

Bosch provides venture capital to support startups all over the globe whose technology has the potential to improve the quality of life and preserve natural resources.

“Our investments in startups promote technological progress in business and society,” says Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH.

“And we ourselves also benefit from this collaboration, since solutions to ever more complex tasks can frequently be found faster, more efficiently, and better in partnership with others.”

Bosch is an innovator leader and is at the forefront in efforts to bring about climate neutral technology, sustainable mobility and connectivity. This is why RBVC investments also concentrate on energy efficiency and powertrain electrification.

Bosch has recently announced it will be investing billions in climate-neutral technology including hydrogen technologies, and digital transformation of its businesses.

Expanding global: RBVC will open a new U.S. office

RBVC, one of Europe’s largest corporate investors, specializes in innovative technology startups. Its portfolioIt includes over 50 companies that are mainly involved in artificial intelligence, the internet of things, semiconductors, quantum computing and other related technologies. RBVC makes investments up to 25,000,000 euros in young startups and provides the Bosch Group with its contacts and know-how as a top supplier of technology services and technology.

RBVC continues to expand its international investment activities as part of its localization strategy. The subsidiary in China has established an investment platform. Boyuan Capital through which other companies may also invest in venture capital.

RBVC maintains a presence at technology hotspots all over the globe through its own locations and contact people for the startup community. The U.S. Office in Sunnyvale will now be joined by a Boston office on Atlantic Coast.

“As a global investor we are part of the startup scene, looking out for the next disruptive innovation that will turn markets on their head,” says Dr. Ingo Ramesohl, managing director at Robert Bosch Venture Capital GmbH. “This second U.S. office will ensure we are even better at keeping our finger on the pulse of technology startups.”

Successful investments ensure technological progress

RBVC might also offer to assist a startup going public when an investment is over. It is similar to institutional venture capital funds in this regard. Xometry’s IPO was a recent success. It operates an AI-assisted marketplace to on-demand manufacture. IonQ, which was the first ever publicly listed quantum computing company, was another success. Since 2021, RBVC’s portfolio has also included Variantyx. This startup works in collaboration with Robert Bosch Hospital to offer AI-assisted genetic testing for cancer diagnosis. RBVC also invested in BASiC Semiconductor to support the transition to electric mobility. This startup manufactures silicon carbide power electronic. Motive, formerly Keep Trucking, is an American startup that operates a fleet management program in the U.S. which reduces trucking costs as well as fuel consumption.

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