Nokia has created a $100 million fund earmarked for investing in firms that specialize in connected and smart vehicles. The move comes days after the Finnish firm forked over its handset unit to Microsoft. Nokia already has a mapping-and-location company called "Here." The new fund will be designed to support the growth of the ecosystem around Here's mapping and location products and services, the company said. Nokia is far from the only tech outfit hopping on-board with cars.Nokia Launches Fund to Invest in Smart Vehicles
Nokia has created a $100 million fund earmarked for investing in firms that specialize in connected and smart vehicles. The move comes days after the Finnish firm forked over its handset unit to Microsoft. Nokia already has a mapping-and-location company called "Here." The new fund will be designed to support the growth of the ecosystem around Here's mapping and location products and services, the company said. Nokia is far from the only tech outfit hopping on-board with cars.
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