Nissan has officially decided to leave venture capital Alliance Ventures Fund, by the end of this month, announced in Reuters, citing its sources in Nissan.
According to the Agency, most likely, it will happen after the Junior partner Nissan, Mitsubishi Motors Corp, said at a meeting of the Alliance last week that will no longer continue to invest in the Fund.
the Decision to leave the Amsterdam Fund made definitively quoted Reuters your source.
a Nissan spokesman said it was speculation and declined to comment. A Mitsubishi representative said the decision was taken.
According to Reuters, the output from the Nissan Foundation with the Renault comes amid the ongoing slowdown of sales in China, its largest market, declined by 80% due to the impact of the outbreak of coronavirus.
This underscores the need to reduce costs of the automaker under a new CEO Makoto Uchida, who is under pressure from shareholders.
the Alliance of Nissan and Renault aimed at finding the "development opportunities" by investing in startups, and it is assumed that distributes up to $ 200 million a year raised from the three Alliance partners.
It was created when the former head of the Alliance Carlos Ghosn, whose dramatic arrest in Japan ended with the escape in December. Gon faces numerous charges in Japan, including in the understatement of income and misappropriation of funds of the company, and all of which he denies.
According to the information on the website of the Rut, the Fund was established with an initial investment of 200 million dollars and calculated at $ 1 billion by 2023. Portfolio companies include WeRide, Chinese startup robot-taxis and Tekion Corp, a cloud-based platform for automotive retailers.
