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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

Green Car Congress

BMW i Ventures created a new $300-million venture capital fund with a strong focus on sustainability. The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. —Marcus Behrendt, managing partner, BMW i Ventures.

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BMW launching iX5 Hydrogen pilot fleet

Green Car Congress

The BMW Group presented the first BMW iX5 Hydrogen vehicles in a pilot fleet that will go into service this year. This active driving experience will therefore be the first chance for people not involved in the development process to gain a direct impression of what the BMW iX5 Hydrogen has to offer. Earlier post.)

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BMW Group announces 4 winners of Quantum Computing Challenge; algorithms for industrial challenges

Green Car Congress

In July, the BMW Group, in collaboration with Amazon Web Services Inc. AWS), called on the global quantum computing community to develop innovative quantum algorithms for four specific industrial challenges and to test them on real quantum computing technologies. The BMW Group is providing €5.1

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BMW i Ventures co-leads investment in radial-flux dual-rotor motor technology: DeepDrive

Green Car Congress

BMW i Ventures announced a co-lead investment in the $16.1-million Other investors include UVC Partners, Bayern Kapital with Wachstumsfonds Bayern, and Continental’s Corporate Venture Capital Unit. The company is also backed by automotive industry veteran Dr. Peter Mertens. million Series A round for startup DeepDrive.

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BMW Group Plant Landshut light metal foundry recertified by Aluminum Stewardship Initiative (ASI)

Green Car Congress

The auditing criteria require evidence of material stewardship, such as a holistic lifecycle analysis for the company’s own products and a comprehensive recycling strategy, as well as compliance with standards for transparency, overall management and corporate integrity. The BMW Group has a long tradition of responsible use of aluminum.

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BMW i Ventures invests in optical AI software company Alitheon

Green Car Congress

BMW i Ventures has invested in Alitheon , an optical AI software creator and deep-tech startup developing generative engineering software aimed at automating the product development process. —Marcus Behrendt, Partner, BMW i Ventures. —Scot E. Land, Alitheon’s CEO and Co-Founder.

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BMW, Bosch, Volkswagen founding members of Quantum Technology and Application Consortium (QUTAC)

Green Car Congress

Ten leading German corporations are jointly founding the Quantum Technology and Application Consortium ( QUTAC ). Specifically, applications for the technology, chemical and pharmaceutical, insurance and automotive industries are to be brought to market maturity. QUTAC’s vision is to drive such a quantum computing ecosystem.

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