Automotive supplier Denso plans to expand its venture capital investments in a broad range of new technologies to create self-driving, connected cars.
Led by Tony Cannestra, director of Corporate Ventures at Denso, Denso ventures typically invests between $1 – $4m in early stage startups working on technologies that are strategically relevant to the transportation industry.
Investments target innovative technologies with applications in connectivity, autonomous drive, shared mobility and electrification (CASE).
Currently, Denso has a portfolio of more than 10 startup investments and is seeking to expand its investment efforts.
Recently, the company has also announced several investments in R&D and manufacturing CASE technologies. That includes a $4.3 billion global R&D commitment and $1 billion investment in its largest US manufacturing facility to produce electrification and safety technology. Startup investments complement R&D and production, all aiming to bring new solutions to market that benefit automakers and consumers.