Renault-Nissan-Mitsubishi To Invest $1 Billion Into Battery Tech, Electric Car Development

Renault-Nissan-Mitsubishi To Invest $1 Billion Into Battery Tech, Electric Car Development

New venture fund looks outside of Alliance boxes for breakthroughs Ionic Materials is a young US-based company developing cobalt-free materials, such as polymers, for solid-state batteries. Now, it is the first beneficiary of a new venture fund founded by the automotive Alliance of Nissan, Renault and Mitsubishi called, appropriately, Alliance Ventures. Alliance chairman Carlos Ghosn announces new venture capital fund, Alliance Ventures Poised to pump $200 million this year alone — $1 billion is planned for investment over the next five years — the fund will focus on financially backing various startups and other efforts in the field of […]