Nokia Creates $100 Million Fund for Connected Car Research [VIDEO]
May 12, 2014 10:58
Nokia is looking at new fronts to invest. Their next target: connected and autonomous cars. The company has prepared a $100 million fund with the sole purpose of sniffing and supporting companies already at work on it.
The company won’t be running the fund by itself directly, enlisting the help of their venture capital branch, Nokia Growth Partners, or NGP.The first video posted below shows how the process of radar-mapping streets is done; it’s different to the Google approach.
The push to make the road safer by limiting – and punishing – distracted drivers reached a new stage when recent studies revealed that distracted driving is more dangerous than drunk driving. We’ve seen similar studies in the past, including experiments done by the TV show Mythbusters and Car and Driver magazine. Read more