GM Starts Venture Capital Group To Invest In Startup Technologies

General Motors has set up its own venture capital company with $100 million to invest in companies developing new auto-related technology.

The automaker announced the formation of General Motors Ventures Friday, saying it wants to nurture transportation technology and help bring it to market so GM has the latest innovations available.

The $100 million is an initial investment. GM says it already is exploring a number of equity investments in auto-related technology.

The subsidiary likely will make small investments at first in start-up companies, said spokeswoman Sherrie Childers Arb. The structure of the investments likely will vary, and GM Venture Capital could take ownership stakes in some of the companies, she said.



 

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