Renault-Nissan-Mitsubishi start up $200m fund

Jan 8, 2018 • Robert Lavine

The strategic alliance will officially launch a $200m mobility-focused corporate venturing fund tomorrow at electronics trade show CES.

Carmakers Renault, Nissan and Mitsubishi have jointly formed a $200m corporate venturing fund that will focus on mobility technology, Reuters reported on Friday, citing three undisclosed sources.

The fund will be overseen by the Renault-Nissan-Mitsubishi alliance the companies formed in September 2017, following the former two’s exchange of strategic equity stakes in 1999 and Nissan’s acquisition of a 34% stake in Mitsubishi in 2016.

Renault and Nissan will each provide 40% of the capital for the fund, while Mitsubishi will…

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