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…

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