The logistics and transportation services provider expects to commit $50m to innovative startups through RyderVentures by the end of 2025.
US-headquartered transportation and logistics service provider Ryder System launched a corporate venture capital vehicle on Tuesday it expects to invest $50m over the next five years.
RyderVentures will target developers of technology or business models that can strengthen or further automate Ryder’s core industries. It will also look to assist portfolio companies with activities such as accelerating the development and initial piloting of their products.
Areas of interest for the fund include automation and data analytics software, asset sharing, advanced…
