Hyundai Motor Group Launches ZER01NE Fund III to Fuel Tech Innovation with Global Startups
Key Ideas
- ZER01NE Fund III, valued at KRW 125 billion, targets global startups aligning with AI, robotics, cybersecurity, hydrogen, and energy technologies.
- Hyundai Motor Group collaborates with 10 affiliates to accelerate innovation and drive future-ready business initiatives.
- Previous funds have led to over 200 collaborations within the Group, showcasing successful investments in transformative technologies.
- The Group's commitment to shaping mobility and sustainability is reinforced through the support of high-potential startups in ZER01NE Fund III.
Hyundai Motor Group has introduced ZER01NE Fund III, a strategic investment fund valued at KRW 125 billion, dedicated to boosting innovation in future technologies by investing in early-stage startups. The fund, supported by 10 affiliates of the Group, aims to target startups globally, focusing on areas such as AI, robotics, cybersecurity, hydrogen, and energy technologies. Led by Kyuseung Keith Noh, the Group looks to deepen collaborations with innovative startups to generate synergies across its affiliates and accelerate future business initiatives. Building on the success of previous funds, ZER01NE Fund III continues the trend of investing in transformative technologies. Notable portfolio companies from earlier funds include Clobot, MakinaRocks, POEN, and Macaron Factory, each contributing to various industries with their innovative solutions. The Group's commitment to sustainability is further emphasized through investments like 60Hertz, LD Carbon, Terracle, and Holiday Robotics, focusing on renewable energy, recycling, and robotics. With the launch of ZER01NE Fund III, Hyundai Motor Group reiterates its dedication to shaping the future by supporting startups with high potential in contributing to long-term growth.