Groupe Renault is preparing the mobility services of the future with the Alliance Ventures fund

Adver­tise­ments

On 9 Jan­u­ary 2018 at the salon CES in Las Vegas, Car­los Ghosn, Chair­man and CEO of Renault-Nis­san-Mit­subishi, announced the cre­ation of Alliance Ven­tures, a cor­po­rate ven­ture cap­i­tal fund that will invest $1 bil­lion over the next five years to sup­port inno­v­a­tive start-ups spe­cial­ized in tech­nol­o­gy and new mobil­i­ty ser­vices. Already com­mit­ted to this field through a num­ber of its sub­sidiaries, Groupe Renault is financ­ing 40% of this invest­ment. This strate­gic action will strength­en the Group’s posi­tion­ing as a major play­er in new mobil­i­ty solu­tions.

Large-scale tech­no­log­i­cal devel­op­ments, the ris­ing expec­ta­tions of urban pop­u­la­tions, new reg­u­la­tions: mobil­i­ty, par­tic­u­lar­ly in cities, is rapid­ly chang­ing. Autonomous ser­vice pos­si­bil­i­ties and car shar­ing are two key, inter­con­nect­ed issues on which the Renault-Nis­san-Mit­subishi Alliance is posi­tion­ing itself as a leader.

By financ­ing 40% of the Renault-Nis­san-Mit­subishi fund, Alliance Ven­tures, Groupe Renault is con­firm­ing its com­mit­ment to the devel­op­ment of these new mobil­i­ty ser­vices. It is also adding anoth­er build­ing block to the inno­v­a­tive approach at the heart of the Group’s strat­e­gy, as illus­trat­ed, for exam­ple, by the work of our sub­sidiaries Renault Mobil­i­ty and RCI Bank & Ser­vices. And this mile­stone comes sev­en years after the cre­ation of Groupe Renault’s first Open Inno­va­tion Lab in Sil­i­con Val­ley!

Open innovation at the heart of mobility

This invest­ment ini­tia­tive is designed to attract the world’s most promis­ing auto­mo­tive-tech­nol­o­gy start-ups to the Alliance”, Said Ghosn. “Our open inno­va­tion approach will allow us to invest and col­lab­o­rate with start-up com­pa­nies and tech­nol­o­gy entre­pre­neurs, who will ben­e­fit from the glob­al scale of the Alliance. This new fund reflects the col­lab­o­ra­tive spir­it and entre­pre­neur­ial mind-set at the heart of the Alliance.”

The aim of this fund is to make strate­gic invest­ments in start-ups and pro­vide the Alliance with the tech­no­log­i­cal resources it needs to devel­op the mobil­i­ty solu­tions of the future. Alliance Ven­tures will also finance the incu­ba­tion, or even the cre­ation, of new com­pa­nies, as well as the for­ma­tion of new part­ner­ships.

Investments for the mobility of the future

It is impos­si­ble to ignore that the ways in which peo­ple trav­el and use vehi­cles is chang­ing. Renault still believes in the future of the pri­vate car, pro­vid­ing that it can adapt and that its tech­nolo­gies and its design are placed entire­ly at the ser­vice of users, as is the case with the SYMBIOZ demo car.

Yet we do not neglect the grow­ing – and like­ly soon-to-be ubiq­ui­tous – role of on-demand and shared mobil­i­ty ser­vices, which will even­tu­al­ly be ful­ly autonomous. These ser­vices can­not be devel­oped with­out part­ner­ships with com­pa­nies in the pri­vate and pub­lic sec­tors, nor with­out invest­ments in spe­cial­ized and inno­v­a­tive com­pa­nies, such as those Alliance Ven­tures will make.

Objective 2022

Renault is col­lab­o­rat­ing with Trans­dev to co-devel­op mobil­i­ty solu­tions for dri­ver­less autonomous vehi­cles. The two com­pa­nies are work­ing on two pilot sites (Saclay and Rouen) to design com­pre­hen­sive, mod­u­lar trans­port sys­tems that will enable cus­tomers to book rides, and oper­a­tors to man­age and oper­ate self-dri­ving car fleets. Nis­san, our Alliance part­ner, is work­ing on a sim­i­lar col­lab­o­ra­tion with DeNA in Yoko­hama, Japan.

Through the Alliance and its sub­sidiaries, Groupe Renault has already bought posi­tions at sev­er­al lev­els of the new mobil­i­ty ser­vices chain: Karhoo, an inte­grat­ed book­ing plat­form for taxis and ride-hail­ing ser­vices, Yuso, a fleet dis­patch man­age­ment sys­tem, Mar­cel, a ride-hail­ing ser­vice, etc.

In Octo­ber 2017, dur­ing the pre­sen­ta­tion of Groupe Renault’s new strate­gic plan Dri­ve the Future, Car­los Ghosn announced the launch of “on-demand robo-vehi­cle mobil­i­ty ser­vices” by 2022.

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