bush with Robert Bosch Venture Capital GmbH (RBVC) Increases its commitment to venture capital, contributes €250 million to startups and will open a second office in the US
Despite the challenging business environment, the Bosch Group is increasing venture capital funding for the current business year: its subsidiary Robert Bosch Venture Capital GmbH (RBVC) is creating a new fund for start-ups; The size of the fund is 250 million euros.
As a provider of venture capital, Bosch supports start-ups around the world whose technologies have the potential to improve quality of life and conserve natural resources.
“Our investments in startups advance technological advancements in business and society. We are also benefiting from this collaboration, as solutions to increasingly complex tasks can be found faster, more efficiently and better. By better collaborating with others,” the Chairman said. Robert Bosch GmbH Board of Directors, Dr. Stephen Hartung
As a leader in innovation, Bosch is at the forefront of efforts to deliver climate-neutral technology, sustainable mobility and connectivity, which is why RBVC’s investments are also focusing on areas such as energy efficiency and powertrain electrification.
Bosch recently announced that it will invest billions in climate-neutral technology, including hydrogen technologies, and the digital transformation of its business.
RBVC will open a new office in the United States.
RBVC, one of the largest investing companies in Europe, specializes in innovative technology startups. Its portfolio includes more than 50 companies, primarily active in the fields of artificial intelligence (AI), Internet of Things (IoT), semiconductors and quantum computing. RBVC invests up to €25 million in individual start-ups, providing them with the knowledge and connections that the Bosch Group has as a leading provider of technology and services. As part of the localization strategy, RBVC is constantly expanding its investment activities around the world: in China, the subsidiary has successfully established an investment platform with Boyuan Capital on which other companies can also invest venture capital in funds. With its locations and connections to the startup scene, RBVC maintains a presence in technology hotspots around the world such as China, Germany, Israel and the United States to its office on the US Atlantic Coast, in Boston. “As a global investor, we are part of the startup landscape, looking for the next disruptive innovation that will turn markets upside down,” says Dr. Ingo Ramesohl, Managing Director of Robert Bosch Venture Capital GmbH. “This second office in the US will ensure that we are better at keeping pace with emerging tech companies.”
|Bosch bets as a venture capital and contributes €250 million to startups
Open Bosch: exploiting early-stage technology trends
Each year, RBVC experts screen over 2,000 startups, but only a few hundred make it to the list of finalists. RBVC also wants to use the new funding round to find technological answers to changing geopolitical and trade policy conditions. “Two years into the COVID-19 pandemic, ongoing geopolitical tension has left its mark everywhere, as evidenced by the lack of chips and disruptions to global value chains,” Ramsall says. “That’s why we also want to identify technology trends that can provide relief in such situations.” Each year, RBVC invests in six to ten carefully selected companies. In addition to capital, it also provides knowledge and operational support. As Ramsall points out, RBVC pursues an open culture of innovation through its Open Bosch programme, creating connections between startups and Bosch operating units at an early stage. This gives new companies the opportunity to become a Bosch supplier, customer or technology partner. Bosch, in turn, receives early access to the latest technology and can incorporate it into its own innovations. Bosch already has several hundred partnerships with start-ups: in 2021 alone, the number of such activities tripled.
Successful investments ensure technological progress
When the investment ends, RBVC may also choose to help a startup go public. In this sense, it is similar to institutional venture capital funds. One of the recent success stories has been the IPO of Xometry, the operator of an AI-powered marketplace for on-demand manufacturing. Another success was IonQ, the first publicly traded quantum computing company. Since 2021, the RBVC portfolio also includes Variantyx. This startup uses AI-assisted genetic testing to diagnose cancer and is also working with Robert Bosch Hospital in the field. To support the shift to electric mobility, RBVC has also invested in startup BASiC Semiconductor, which makes silicon carbide power electronics. Finally, Motive, the startup formerly known as Keep Trucking, operates the fleet management system in the United States.
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So bush with Robert Bosch Venture Capital GmbH (RBVC) Increases its commitment to venture capital, contributes €250 million to startups and will open a second office in the US