BMW i Ventures is the venture capital arm of the BMW Group, functioning as an independent fund that invests in early to mid-stage startups. While their primary focus is on the automotive ecosystem, including transportation, sustainability, manufacturing, and supply chain industries, they have also invested in space-related technologies. Notably, they participated in a funding round for Skylo Technologies, a company focused on direct-to-device satellite connectivity. BMW i Ventures operates with financial goals, seeking both financial returns and strategic value for the BMW Group by investing in companies with innovative solutions.
All verified mentions of this organization in source documents.
Skylo Technologies raised $37,000,000 from investors including Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space.
The competition for the award was initiated and funded by the German Federal Ministry for Economic Affairs and Energy (BMWi) and was designed by the German Aerospace Center (DLR).
Germany’s Federal Ministry for Economic Affairs and Energy (BMWi) provided 650,000 EUR in 2014 to the Jakoby research project and provided another 200,000 EUR when Alcan Systems spun off from the university in 2016.