Accelerating Innovation ZF Establishes Zukunft Ventures

ZF (ZF) set up Zukunft Ventures GmbH, the investment for other technology companies, headquartered in Friedrichshafen, and was screened and invest in the development of ZF officially launched in September 2016 business aims (ZF) Related Technology Companies. Especially for start-ups, this is a good opportunity to get extra investment. At the same time, these reputable small companies will also benefit from such a strong partner as ZF. Correspondingly, ZF will acquire more sustainable technologies to stay ahead of the competition.
ZF ZF

Dr. Stefan Sommer, CEO of ZF, said: “Zukunft Ventures GmbH will help us to fill the gaps in technology and enter new business areas faster.” ZF has been able to Passenger cars and commercial vehicles provide almost all the technology required for automatic driving. “To achieve long-term leadership in this field, we need to quickly acquire innovative technologies,” adds Dr. Sommer. Zukunft Venture Capital is able to make ZF more flexible and efficient, and it keeps on innovation. ”

Balanced plan

Investing in other companies is a long-term practice of venture capital companies in this industry. Current investment models include small-capital investments that are not related to the core business of venture capital firms, strategic investments with exclusive agreements, or full integration. However, for Zukunft Ventures GmbH, ZF has taken a different approach, targeting specific investment cases in a more balanced and flexible manner. For example, we will invest a greater amount of money to provide as much support as possible to the investee based on market demand. So that these technologies have the greatest impact on the market, and ensure the rapid innovation of both parties.

This is why ZF investment companies do not have a fixed budget. Torsten Gollewski, Managing Director of Zukunft Ventures GmbH, added: "If there is a good opportunity, we can increase the amount of investment. Since June 2016, Mr. Gollewski has been working in ZF Friedrichshafen AG as a senior engineering and design department. The person-in-charge is mainly responsible for the strategic expansion of ZF's professional field and to a certain extent through investment, Gollewski further stated: “while we invest in accordance with the company’s strategy, the invested company will continue to independently undertake the business. Responsibility, we do not want these companies to be withdrawn from the market. ”

Zukunft Ventures GmbH is not subject to technical and geographical restrictions on investment. The aim is to invest in important future technologies, including technologies that the Group’s existing business units will innovate and further develop; or technologies that will accelerate disruptive processes. Gollewski explained: "As a result, we are seeking cooperation with companies from all over the world, from Silicon Valley, Asia, Israel, Berlin and Europe.

Sensors and Software Investment

Just recently, ZF has successfully invested in several technology companies, including the acquisition of a 40% stake in Ibeo, headquartered in Hamburg, Germany. ZF and Ibeo are jointly developing a new generation of lidar sensors. ZF recently acquired a 40% stake in the software company doubleSlash. As a strategic cooperation supplier of ZF, doubleSlash will enhance the Group's expertise in the field of car networking. Such investment will be fully handled by Zukunft Ventures GmbH.

With the new company, ZF is strengthening its position as an innovation leader and is expanding its comprehensive business scope to drive innovation while identifying disruptive technologies early. In addition to the new company, the business unit also includes global interconnected R&D institutions, corporate mergers and acquisitions, integrated technology research in the Group's R&D field, think tanks and various innovative laboratories.

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