Rock the Kasbosch? Bosch has a brand new, $295M VC fund – TechCrunch

Bosch’s enterprise arm simply introduced its fifth fund, saying it’s looking out for startups with the “potential to enhance high quality of life and preserve pure sources.”

The brand new, $295 million (€250 million) funding automobile ups the stakes from Bosch VC‘s prior fund by about $53 million, but the German agency’s international give attention to deep tech stays a lot the identical. For Bosch VC, that nebulous class contains every thing from autonomous automobiles to internet-of-things platforms.

Local weather tech can also be on the agency’s radar—together with photo voltaic, carbon seize and different fuels, managing director Ingo Ramesohl stated in a name with TechCrunch. Usually, Bosch VC backs startups on the Sequence A or B stage, investing as much as about $27 million apiece (€25 million).

In comparison with its German guardian firm, a 135-year-old conglomerate, Bosch VC is run by a comparatively small group with 22 funding managers. That quantity is ready to develop, in keeping with Ramesohl, with the pending launch of a brand new U.S. workplace in Boston. The East Coast workplace is coming “very quickly, mainly subsequent week,” added Ramesohl. It’ll exist alongside Bosch VC’s workplace in Sunnyvale, CA.

In addition to backing climate-tech startups, Bosch not too long ago stated it will drop round $3.5 billion to develop “climate-neutral” tech, together with automobile electrification, hydrogen electrolyzers, and warmth pumps.