GM has announced the formation of a venture capital subsidiary called General Motors Ventures, LLC, which will be dedicated to discovering next-gen auto technology. Initially funded with $100 million, General Motors Ventures is looking for companies that can offer futuristic innovations similar to those found in the Chevy Volt.
General Motors Ventures has announced Jon Lauckner as its president. Lauckner was previously the vice president of global program management at GM, and was behind the development of the Chevy Volt from its earliest stages.
Eco Car Investments
General Motors Ventures is a Subsidiary Dedicated to Green Auto Tech
Trend Themes
1. Next-gen Auto Technology - Investing in startups that offer advanced auto technology can provide disruptive innovation opportunities.
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3. Venture Capital Subsidiaries - The creation of venture capital subsidiaries can offer disruptive innovation opportunities for established companies looking to invest in emerging technologies.
Industry Implications
1. Automotive - The automotive industry can benefit from investing in next-gen and green auto technology startups to stay competitive in an evolving market.
2. Venture Capital - Venture capital firms can consider creating specialized subsidiaries like General Motors Ventures to fuel innovation and growth in emerging industries.
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