Hyundai announced the launch of the ZERO1NE III Fund, a strategic investment fund of approximately €80.4 million, to accelerate innovation in future technologies through investments in startups.
The new fund, which is a 1.5 times increase compared to the previous ZER01NE Fund II, is supported by 10 affiliates of the Group, including Hyundai Motor Company.
The ZER01NE III Fund will focus on discovering and investing in startups worldwide that align with Hyundai’s business strategies, particularly in the areas of artificial intelligence (AI), robotics, cybersecurity, hydrogen, and energy technologies.
“This fund reinforces Hyundai Motor Group’s position as a leading strategic investor in transformative technologies. By deepening collaboration with innovative startups, we aim to generate significant synergies among our affiliates and accelerate our future-ready business initiatives.”, said Kyuseung Keith Noh, president and director of the ZER01NE Group at Hyundai Motor Group.
With the launch of this fund, Hyundai Motor Group reaffirms its commitment to shaping the future of mobility and sustainability by supporting pioneering startups with high potential to contribute to its long-term growth.
