US EditionHyundai Opens a $91 Million Venture Capital Fund for Startups in Their Early Stages
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Hyundai Opens a $91 Million Venture Capital Fund for Startups in Their Early Stages
Targeting early-stage entrepreneurs, the third fund of Hyundai Motor Group’s corporate venture capital arm, ZER01NE, was formed Monday. The fund has a fund size of 125 billion won ($91.4 million), and it is overseen by billionaire Euisun Chung. Hyundai stated that ZER01NE, which stands for “Zero One,” will be used to invest in strategic fields such artificial intelligence, robotics, cybersecurity, and energy technologies, including hydrogen ener…
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