STOCKHOLM, June 30, 2017 /PRNewswire/ -- Autoliv, Inc.
(NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive
safety systems, today announced that it will make a $15 million investment in Autotech Ventures, the
digital ground transport venture capital fund.
Autoliv's investment in Autotech Ventures, a fund focused
broadly on the automotive industry complements Autoliv's own
innovation strategy, particularly in the areas of active safety and
autonomous driving.
Autoliv's Electonics segment has grown rapidly and today
represents more than 20% of the company's annual revenues. It was
only around fifteen years ago that Autoliv made its first entry in
the automotive electronics market. Since then, Autoliv has grown to
become a leader in certain segments of the automotive electronics
market, particularly with respect to active safety products and
technologies for autonomous driving as well as passive safety
electronics.
This success has been built through both organic growth and
acquisitions. With the pace of innovation accelerating, this type
of investment in a specialized fund will be one way to stay at the
forefront of emerging trends and opportunities to capitalize on
external innovations.
"The automotive industry is in a period of unprecedented change.
The combination of increased focus on autonomous driving,
environmental concerns and shared mobility leads to new
opportunities for industry leaders such as Autoliv. The Autotech
Ventures fund gives us a way to review a high number of innovative
startup companies, particularly in the areas of automation and
autonomous driving which are core to our strategy", said
Jan Carlson, Chairman, President and
CEO of Autoliv.
Autotech Ventures is a specialized digital ground transport
venture capital fund, particularly focused on software and
services. In addition to the potential financial returns it
provides top-level corporate investors such as Autoliv with access
to a broad deal flow, co-investment rights for the fund's startups
and provides independent opinion on startups as well as a high
decision making speed.
For more about Autotech Ventures, see www.autotechvc.com
Inquiries:
Thomas Jönsson, Group Vice President Communications.
Tel +46-08-58-72-06-27
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