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Stellantis launches new VC fund

A new venture capital fund which will invest in startup companies is developing tech that could be used in the automotive/mobility industries, has been launched by car maker Stellantis, according to a report by Reuters.

The company has allocated an initial EUR300 million for investment by Stellantis ventures in both early- and later-stage companies with a focus on sustainability, in-vehicle tech, and vehicle marketing, sales and finance.

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