Bosch's new 250 million euro venture capital fund supports start-ups, and its portfolio already covers more than 50 companies

On June 6, Bosch announced that its Robert Bosch Venture Capital Co., Ltd. (hereinafter referred to as "Bosch Venture Capital") has established a new fund with a total amount of 250 million euros to help start-ups around the world. technology to improve the quality of human life and protect natural resources.

According to the data, as one of the largest corporate investors in Europe, Bosch Ventures focuses on innovative technology start-ups. Its investment portfolio covers more than 50 companies, mainly active in artificial intelligence (AI), Internet of Things (IoT), semiconductor and field of quantum computing.Bosch Ventures invests up to 25 million euros in individual new start-ups and provides them with the Bosch Group's expertise and connections in relevant fields.

Specifically, each year, experts from Bosch Ventures review more than 2,000 start-ups, but only about 100 of them are successfully shortlisted.Bosch Ventures will invest in 6 to 10 selected companies and provide technical and operational support.

It is reported that Bosch has established partnerships with hundreds of start-ups, and in 2021 alone, the number of such cooperation will triple.According to Ingo Ramesohl, managing partner of Bosch Ventures, Bosch Ventures has established an early connection between start-ups and Bosch divisions through the project "Open Bosch", giving start-ups the opportunity to become Bosch suppliers , customers or technology partners.At the same time, Bosch has early access to the latest cutting-edge technologies and incorporates them into its own innovations.

Bosch Ventures "Open Bosch" project; Image credit: Bosch

Not only that, but Bosch Ventures may also help the startup go public when the investment draws to a close, similar to an institutional venture capital fund.One of the latest success stories is Xometry, an AI-driven on-demand production service, which has completed an initial public offering.

In addition, to support the electric mobility revolution, Bosch Ventures has also invested in BASiC Semiconductor, a provider of silicon carbide power devices.In addition, Bosch Ventures has invested in Motive, a start-up formerly known as Keep Truckin, which operates a fleet management system in the US to reduce trucking costs and fuel consumption.

As part of its localization strategy, Bosch Ventures is expanding its investments globally.At present, the footprint of Bosch Ventures has spread all over the world, such as China, Germany, Israel and the United States.