Nexen's Next Century Ventures has invested in US-based ANRA Technologies.

Next Century Ventures (NCV), the corporate venture capital fund of Nexen Tire, has made its first investment since starting in March.

NCV has invested in US-based ANRA Technologies, an air traffic control system for urban air mobility (UAM) devices, such as drones.

Launched as a joint investment between South Korea-based Nexen, the holding company of US-based subsidiary Nexen Tire, NCV targets mobility technologies beyond tires, such as mobility-as-a-service (MaaS), artificial intelligence, electric vehicles, and self-driving technologies.

ANRA Technologies has partnered…

James Mawson

James Mawson is founder and chief executive of Global Venturing.