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Nokia Launches Fund to Invest in Smart Vehicles

2014-05-05 18:29:44| TechNewsWorld

Nokia has created a $100 million fund earmarked for investing in firms that specialize in connected and smart vehicles. The move comes days after the Finnish firm forked over its handset unit to Microsoft. Nokia already has a mapping-and-location company called "Here." The new fund will be designed to support the growth of the ecosystem around Here's mapping and location products and services.

Tags: smart fund nokia vehicles

Nokia launches $100 million Connected Car Fund

2014-05-05 15:36:19| MobileTechNews

The fund will invest in promising auto tech and local services companies in collaboration with HERE, a Nokia company, to grow the ecosystem around HERE's mapping and location products and services.

Tags: car million connected fund

Nokia launches $100m smart car fund

2014-05-05 11:21:24| BBC News | Business | UK Edition

Nokia launches a $100m (59m) fund to invest in firms specialising in connected and smart vehicles.

Tags: car smart fund nokia

Nokia launches USD 100 mln Connected Car Fund

2014-05-05 10:31:00| Telecompaper Headlines

(Telecompaper) Nokia announced the launch of a USD 100 million Connected Car fund to be managed by Nokia Growth Partners (NGP). The fund will identify and invest in companies whose innovations will be important for a world of connected and intelligent vehicles. Nokia is already a major player in the automotive industry providing location intelligence for connected vehicles through Here. The NGP fund, working closely with Here, will seek to make investments that also support the growth of the ecosystem around Here's mapping and location products and services. The Connected Car fund extends NGP's global investment activities in the US, India, China and Europe where Nokia Growth Partners continue to invest in high potential businesses.

Tags: car usd connected fund