# Italy’s Brembo sets up venture capital arm to invest in tech startups
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-19
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Brembo Launches Brembo Ventures to Drive Automotive
Meta Description: Brembo Ventures, the internal venture capital unit of premium brakes maker Brembo, focuses on AI, big data, sensors, and more for automotive innovation.
URL: https://financedigest.com/italys-brembo-sets-up-venture-capital-arm-to-invest-in-tech-startupshtml

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MILAN (Reuters) – Premium brakes maker Brembo said on Wednesday it had set up an internal venture capital unit, called Brembo Ventures, to accelerate the development of technologic solutions to be applied to the automotive industry.

The move of the Italian group mirrors similar initiatives by other companies including Stellantis and CNH Industrial with the common purpose to spur innovation in a fast changing environment as the automotive industry moves towards electrification and autonomous driving.

A spokesman for the group said Brembo Ventures was a unit and not set up as a proper venture capital fund with an initial financial endowment. [Investments and funds needed](https://www.financedigest.com/5-reasons-why-women-need-to-get-into-property-investing.html "5 Reasons why women need to get into property investing") will be assessed as opportunities arise, the spokesman added.

Brembo Ventures will [invest in startups globally](https://www.financedigest.com/international-investment-soars-as-albania-steps-into-global-spotlight.html "INTERNATIONAL INVESTMENT SOARS AS ALBANIA STEPS INTO GLOBAL SPOTLIGHT"), focusing on artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability, it said in a statement.

With Brembo Ventures, we are even more structured to seize the market opportunities that can contribute to our goal of redefining future of braking systems and mobility,” Brembo’s [Chief Business Development Officer](https://www.financedigest.com/tips-for-choosing-the-right-chief-finance-officer-for-your-business.html "Tips for Choosing the Right Chief Finance Officer for Your Business") Roberto Grazioli said.

Brembo Ventures’ portfolio already includes a recently acquired 6.8% stake in PhotonPath, a company developing integrated photonics-based products, and a [20% stake in integrated photonic systems company Infibra Technologies which the brakes maker](https://www.financedigest.com/ubisoft-shares-slump-20-after-french-video-game-maker-warns-on-revenue.html "Ubisoft shares slump 20% after French video game maker warns on revenue") bought in 2020.

(Reporting by Giulio Piovaccari; editing by Agnieszka Flak)


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