Qualcomm eyes potential investments in Indian auto tech and EV startups

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Original equipment manufacturer (OEM) Qualcomm is scouting Indian electric vehicle startups for potential investments.

Besides looking at picking up stakes in Indian EV startups, Qualcomm’s venture capital arm is also open to mergers and acquisitions to get a piece of the emerging industry. “Our venture arm invests in key areas, including 5G, artificial intelligence (AI), automotive and Internet of Things (IoT) to help expand Qualcomm’s ecosystem of customers and partners. Qualcomm reportedly finds big potential for vehicle-based ‘subscription services’ such as aided driving. The Indian EV landscape is primarily led by homegrown players such as Hero Electric, Ola Electric, Okinawa, Tata Motors and Mahindra across multiple segments

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Qualcomm eyes potential investments in Indian auto tech and EV startups

Original equipment manufacturer (OEM) Qualcomm is scouting Indian electric vehicle startups for potential investments.

Besides looking at picking up stakes in Indian EV startups, Qualcomm’s venture capital arm is also open to mergers and acquisitions to get a piece of the emerging industry. “Our venture arm invests in key areas, including 5G, artificial intelligence (AI), automotive and Internet of Things (IoT) to help expand Qualcomm’s ecosystem of customers and partners. Qualcomm reportedly finds big potential for vehicle-based ‘subscription services’ such as aided driving. The Indian EV landscape is primarily led by homegrown players such as Hero Electric, Ola Electric, Okinawa, Tata Motors and Mahindra across multiple segments

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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