Hyundai Motor Group Launches ZER01NE 3 Fund to Invest in Innovation
Key Ideas
- Hyundai Motor Group announced a 125 billion won investment in startups with innovative technologies through the ZER01NE 3 Fund.
- The fund aims to detect new businesses/technology, including AI, robots, hydrogen, and cybersecurity in Asia, for early promising start-up investments.
- Strategic collaboration opportunities with early start-ups and group companies are sought to internalize future innovative technologies.
- Previous successful investments were made through the first fund in 2018 and the second fund in 2021, creating over 200 group collaboration cases.
Hyundai Motor Group revealed its plan to invest in startups equipped with innovative technologies by establishing the ZER01NE 3 Fund worth 125 billion won. This initiative is part of the ZER01NE open innovation platform created in 2018 to foster a creative talent ecosystem. The fund formation meeting was held in Seoul, attended by Hyundai Motor Group officials and affiliate representatives. The fund, raised to 125 billion won, will focus on detecting new businesses and technologies, such as AI, robots, hydrogen, and cybersecurity in Asia. Hyundai Motor Group aims to invest in promising start-ups and explore strategic collaborations for future technology internalization. With previous successful investments and collaborations, the group envisions accelerating business expansion by leveraging innovative technologies like AI and robotics. Noh Kyu-seung, head of Hyundai Motor Group's Zero One Room, emphasized the synergy among affiliates for enhanced business growth through startup partnerships.