Hyundai Motor Group Launches ZER01NE Fund III for Future Innovation
Key Ideas
- Hyundai Motor Group establishes ZER01NE Fund III to invest in startups focusing on AI, robotics, and hydrogen, aiming to enhance innovation beyond traditional R&D.
- The fund, totaling 125 billion won, involves investments from Hyundai Motor Co., Kia Corp., and other group affiliates to drive synergy and future business growth.
- The conglomerate plans to identify and support early-stage startups in Asia, particularly in Korea, Japan, and Southeast Asia, with a strong emphasis on technology areas like AI, robotics, and hydrogen.
- Hyundai Motor Group aims to promote collaboration between its affiliates and the startups funded by the ZER01NE Fund III to foster open innovation and creative ideas exchange.
Hyundai Motor Group, a South Korean auto conglomerate, has introduced the ZER01NE Fund III to invest in promising startups in growth sectors like artificial intelligence (AI), robotics, and hydrogen. The fund, amounting to 125 billion won, is structured with a co-general partner framework and involves investments from various group entities. Headed by Noh Kyu-seung, the ZER01NE team aims to drive synergy and accelerate business expansion by collaborating with startups in innovative technology areas. The group plans to target early-stage startups in Asia, specifically in Korea, Japan, and Southeast Asia, focusing on AI, robotics, hydrogen, and cybersecurity. Through fostering collaboration between affiliates and funded startups, Hyundai Motor Group seeks to boost open innovation and access creative ideas for future growth.