3M New Ventures invested an undisclosed amount in MotionID Technologies but tends to back companies where it is the sole and first institutional investor.
US-based industrial conglomerate 3M’s corporate venturing unit has taken a stake in Germany-based MotionID Technologies, which is developing an electronic payments system for vehicles.
3M New Ventures invested an undisclosed amount but tends to back companies where it is the sole and first institutional investor.
Under the Viatag trademark, MotionID’s radio-frequency tag is attached to the windshield so the vehicle has a contactless identification and payment function used when parking in garages or at petrol stations and car washes.…
