Brembo, the manufacturer of braking systems, has launched a new venture capital branch, Brembo Ventures, the company announced.
According to the company, Brembo Ventures will strategically invest in technology startups that are active in artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability, with solutions that can be applied in the automotive sector in either a product or production capacity. Brembo Ventures will also coordinate relations with the startups where Brembo is a shareholder to support technical advances, monitor financial performance and manage investments.
“Brembo Ventures is the tool to attract and give power to innovators; those who explore technological frontiers”, said Roberto Grazioli, Brembo’s chief business development officer. “Our strategy is to invest in startups whom we can work with side-by-side to accelerate the development of new solutions. With Brembo Ventures, we are even more structured to seize the market opportunities that can contribute to our goal of redefining the future of braking systems and mobility for the benefit of our customers.”
Recently, Brembo Ventures acquired 6.8% of the capital of PhotonPath, a tech company founded in 2019 that develops integrated photonics-based products, the company said. With the investment, Brembo aims to develop new solutions for the digitalization of braking systems.