The communications equipment maker will target the intelligent vehicles market through the Connected Car Fund, which will be managed by Nokia Growth Partners.

Finland-based mobile device manufacturer Nokia has launched a $100m Connected Car Fund that will invest in companies developing technology for connected and intelligent vehicles.

The fund will be managed by Nokia’s corporate venturing unit, Nokia Growth Partners (NGP). NGP will work closely with Here, a Nokia subsidiary that provides mapping and location products and services, in targeting startups for investment.

“For the last few years there has been a surge in innovation that has brought technological advances leading to safer,…