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SAIC Capital collaborates with Plug and Play.

Auto Business News-December 19, 2017--SAIC Capital collaborates with Plug and Play

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Auto Business News - 19 December 2017

SAIC Capital, the venture arm of an auto company on China's A-share market, has collaborated with Plug and Play, a global start-up ecosystem and venture fund, specialising in the development of early-to-growth stage technology start-ups in 13 verticals.

SAIC Capital will be joining Plug and Play's mobility program in 2018 to increase its innovation and investment efforts. The collaboration will concentrate on Autonomous, Connected, Electric and Sharing cross the mobility vertical, furthering the company's efforts to promote new energy vehicles and the commercialisation of internet connected cars.

Saeed Amidi, founder and CEO of Plug and Play, said, 'The mobility industry plays an integral part in Plug and Play's ecosystem and it is essential to have a forward-thinking corporation like SAIC provide valuable input to our batches. SAIC Capital will be able to select the best that start-ups have to offer in logistics, e-commerce, travel, energy saving, and charging to pioneer the automotive future.'

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Publication:Auto Business News (ABN)
Date:Dec 19, 2017
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