Emasa Ventures will have an initial $10m in its set-up stage with a further $20m to then finance startups.
Grupo Emasa, a Chile-based vehicle parts manufacturer part-owned by Germany’s Robert Bosch industrial group, has started a corporate venturing unit as part of its plan to bring 30% of its income from business lines with zero emission energy by 2030.
Emasa Ventures under general manager Arsenio Fernández Ovalle will have an initial $10m in its set-up stage with a further $20m to then finance startups.
“Our plan is to attract businesses linked to the sector that, based on their development and…
