The sports car maker acquired the stake in traffic data provider Inrix as part of ongoing efforts to invest in mobility and connectivity.
Automotive manufacturer Porsche paid about $55m on Friday for a 10% stake in Inrix, a US-based provider of real-time traffic information.
Porsche acquired the stake through primary and secondary investments. Inrix, founded in 2004, had previously raised approximately $78.3m from Bain Capital, Venrock, August Capital and Kleiner Perkins Caufield & Byers, according to SEC filings.
Philipp von Hagen, the Porsche board member in charge of investment management, said: “Connectivity between cars and infrastructure is one of the mega trends in…
