Nokia’s $100 Million Connected Car Fund May Be Its Best Chance for Reinvention




Finland-based Nokia has announced plans to increase its focus on in-car technology by launching a $ 100 million Connected Car fund

The fund, which will be managed by Nokia Growth Partners (NGP), will increase the company’s connected car investments in the United States, India, China and Europe

We believe that vehicles are becoming a new platform for mobile technology adoption akin to our experience in the phone industry,” said NGP managing partner Paul Asel in a statement.

The fund also appears to be designed to enhance developer activity around Nokia’s in-car system HERE (formerly Nokia Maps), a dashboard mapping and location system used by the likes of Toyota, BMW and others Read more…

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