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Reuters exclusively reports Renault-Nissan sets up $200 million fund to tap startups

Reuters exclusively reports Renault-Nissan sets up $200 million fund to tap startups

Reuters exclusively reported that the Renault-Nissan-Mitsubishi alliance is pooling $200 million in a new mobility tech fund, in the latest move by major carmakers to adapt to rapid industry change by investing in startups through their own venture capital arms. The fund will be 40 percent financed by Renault, 40 percent by Nissan and 20 percent by Mitsubishi.