
“By investing in start-ups, we are promoting technological progress in business and society, while our divisions also benefit from the collaboration,” said Stefan Hartung , Chairman of the Board of Management of Robert Bosch GmbH, explaining the announcement of the fund on the occasion of the 2024 balance sheet presentation. “With disruptive technologies, start-ups can provide innovation boosts that deliver important growth impulses for a country’s economy. That’s why we want to remain a reliable partner for the global start-up sector, even in an adverse environment.”
Technology for life: Investment focus on energy efficiency and AI
As a venture capitalist, Bosch Ventures supports start-ups around the world whose technologies can improve people’s quality of life or help conserve natural resources. As an innovation leader, the Bosch Group primarily drives sustainable mobility, climate-neutral technology and connectivity, which is why Bosch Ventures focuses its investments on areas such as energy efficiency and artificial intelligence (AI).
“We invest in particular in deep-tech start-ups that are based on scientific breakthroughs or technological innovations,” explained Ingo Ramesohl, Member of the Board of Management of Robert Bosch Venture Capital GmbH. “As a result, these young companies have great potential for fundamental market changes.”
Worldwide and locally: Bosch is looking for the best start-ups
Since it was founded in 2007, Bosch Ventures has established itself in the global technology hotspots of China (Shanghai), Germany (Stuttgart, Frankfurt), Israel (Tel Aviv) and the USA (Boston, Sunnyvale) with its own locations and contacts for the start-up scene. “As a global investor, we need to be part of the local start-up scene in order to find start-ups with potential whose innovative technologies can turn entire markets upside down,” said Ramesohl. “Our investment professionals screen more than 2,000 start-ups every year.” Around one hundred make it onto the shortlist. According to Ramesohl, Bosch Ventures invests in six to ten selected start-ups each year. In addition, the focus is on expertise and operational support.
Open Bosch: win-win partnerships and co-innovations with start-ups
In addition to providing venture capital, Bosch Ventures has been bringing start-ups together with operational Bosch business units at an early stage via the “Open Bosch” program since 2018. This gives start-ups the opportunity to become suppliers, customers or technology partners quickly and easily. Bosch, in turn, gains early access to the latest technologies and can incorporate these into joint innovations together with its partners. Ramesohl explains: “This win-win partnership enables Bosch to sustainably strengthen its innovation efficiency and support the company’s long-term success.” Bosch already has several hundred partnerships with start-ups in this program. “Bosch also sees start-ups as important innovation partners,” explained Ramesohl. “With Open Bosch, we promote co-innovation.”
Successful portfolio: More than 100 investments in all regions of the world
The Bosch Ventures portfolio now consists of more than 60 active investments. “Similar to institutional venture capitalists, we pursue the goal of supporting a start-up at the end of the investment, for example with an IPO,” emphasized Ramesohl. “Several successful IPOs have already emerged from the Bosch Ventures portfolio.” These include, for example, Xometry, an innovative on-demand marketplace for industrial parts, and IonQ, the first listed quantum computing company. With the British start-up Quantum Motion, Bosch Ventures has already made its third investment in the field of quantum computers. The portfolio also includes the Italian open source electronics platform Arduino and the German AI start-up Aleph Alpha. In China, Bosch Ventures has a stake in the battery recycling company Jin Sheng, as well as in the technology provider for autonomous commercial vehicles TrunkTech. In North America, the portfolio includes other established technology companies, such as Syntiant, a leader in AI-based semiconductor solutions for edge computing, and Motive, a provider of AI-based fleet management solutions.
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Further links
👉 www.bosch.de
Photo: Bosch