The carmaker is adding to its open innovation activities by providing an eight-figure sum to develop strategically relevant startups with venture builder UP.Labs.
Porsche is planning to launch six startups by the end of 2025 through a partnership with US-based venture builder UP.Labs. The Germany-based carmaker is investing an eight-digit sum into the project.
The startups will operate in areas related to Porsche’s core activities, such as predictive maintenance technology or products which can boost transparency in the supply chain.
Formed by venture capital firm UP.Partners, UP.Labs co-develops startups with strategic partners, with Porsche the first to come on board. It will invest…
