Hyundai Motor Group Launches ZER01NE Fund III to Foster Future Technology Innovation
Key Ideas
- Hyundai Motor Group introduced the ZER01NE Fund III, a KRW 125 billion fund to boost innovation in future technologies through early-stage startup investments.
- The fund's focus areas include AI, robotics, cybersecurity, hydrogen, and energy technologies, aligning with the Group's strategic business goals.
- Previous ZER01NE funds led to significant collaboration cases within the Group, showcasing successful investments in startups across various sectors like AI, sustainable energy, and automotive technology.
- The launch of ZER01NE Fund III reaffirms the Group's commitment to supporting startups with the potential to drive long-term growth and contribute to mobility and sustainability advancements.
Hyundai Motor Group has unveiled ZER01NE Fund III, a KRW 125 billion strategic investment fund designed to accelerate innovation in future technologies by investing in early-stage startups. Backed by 10 affiliates of the Group, the fund represents a substantial increase compared to its predecessors. ZER01NE Fund III will target startups globally that closely align with the Group's evolving business strategies, focusing on areas such as artificial intelligence (AI), robotics, cybersecurity, hydrogen, and energy technologies.
The Group's previous ZER01NE funds, including Fund I and Fund II, have successfully invested in over 105 startups, leading to more than 200 collaboration cases within the Group. Notable portfolio companies from these funds include Clobot, MakinaRocks, POEN, and Macaron Factory, each contributing to different sectors like cloud-based robotics, industrial AI, sustainable energy solutions, and automotive technology innovation.
With the launch of ZER01NE Fund III, Hyundai Motor Group aims to deepen collaboration with innovative startups to generate synergies across its affiliates and propel future-ready business initiatives. The fund's strategic investment approach underscores the Group's position as a key investor in transformative technologies, emphasizing its dedication to shaping the future of mobility and sustainability. By supporting startups with high growth potential, the Group is committed to driving long-term innovation and fostering a sustainable business ecosystem.