Led by Anis Uzzaman, General Partner and CEO, Fenox VC will manage the strategic fund as a General Partner, and Aisin Group will be investing as a corporate venture capital limited partner.
This partnership will serve as a gateway for Aisin to access the top technology startups through Fenox VC’s global network, collaborate with automotive related technology startups, and provide the startups with access to the greater Asian and global markets.
The new fund will target startups in the areas of automotive related technologies, such as autonomous driving, zero-emission, connected vehicle, artificial intelligence, IoT, AR/VR, and more that require hardware-software collaboration.
Established in 1965, Aisin is dedicated to creating products for automotive (drivetrain, body, brake and chassis, engine, information technology-related) and lifestyle (sewing machines, beds, gas heat pump products, etc.).