Auto parts manufacturer Aisin Group will be a limited partner in the autotech fund, which will be managed by Fenox Venture Capital.
Japan-headquartered automotive component maker Aisin Group launched a $50m US-based investment fund on Tuesday in partnership with venture capital firm Fenox Venture Capital.
Fenox will manage the fund, with CEO Anis Uzzaman taking a general partner position. Aisin will provide capital as a limited partner and will offer portfolio companies assistance in expanding in Asia.
The fund will look to invest in Silicon Valley-based startups developing automotive technologies that involve the confluence of hardware and software.
Areas that will be…
