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Corporate Venture
porsche.digital/venturing

Investments

43

Portfolio Exits

6

About Porsche Ventures

Porsche Ventures is the corporate venture capital unit for premium sports car manufacturer Porsche. The firm is a strategic, stage-agnostic investor with the goal of gaining access to trends, new technologies, and business models. In addition to smart capital for portfolio companies, the firm offers access to Porsche's vast mobility expertise and the global Porsche ecosystem and network. Porsche Ventures focuses on investments in the areas of Mobility Innovations, Digital Lifestyle as well as Emerging Digital Technologies.

Headquarters Location

Grönerstraße 11/1

Ludwigsburg, 71636,

Germany

+491709110842

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Latest Porsche Ventures News

Porsche Ventures invests in iMaker

May 1, 2023

Your settings concerning cookies for this website We use cookies to help you get the most out of our website and to improve our communication with you. Select your personal preference here: Cookies that are required Required cookies help to make a website operational by enabling basic functions such as page navigation and access to secure areas of the website. The website cannot function properly without these cookies. Analytics & Personalization These cookies are used to allow functions of the website that allow you to use the website as conveniently as possible and tailored to your interests. Furthermore, the analysis of user behavior also helps us to continuously improve the quality of our website. For detailed information on cookies and tracking tools used, please refer to our privacy policy or cookie policy . You can adjust your preferences at any time by accessing this cookie manager via the link in the privacy policy. We use cookies to enable you to make the best possible use of our website and to improve our communications with you. We take your preferences into regard and process data for analytics and personalization only if you give us your consent by clicking on "Agree and continue" or if you make a specific selection by clicking on "Set cookie preferences". You can revoke your consent at any time with effect for the future. Information on the individual cookies used and the possibility of revocation can be found in our privacy policy and in the cookie policy . The next step in building a digital ecosystem Read further She looks like a human, but is completely computer generated: Ayayi, the virtual influencer introduced by iMaker and its partners. A strategic investment that goes beyond the automotive industry: Porsche Ventures has invested in the technology company iMaker, China's leading provider of virtual influencers and digital ecosystems. The investment emphasises the sports car manufacturer's understanding of the new consumer culture and trends relevant to young Chinese customers, and its strategic objective of continuously investing in new application scenarios for digital content. Porsche Ventures and iMaker have worked together since 2020. The partners are planning to build a new digital ecosystem that will extend and enhance customers' digital experience in Porsche vehicles. New digital features and technology for in-car applications are being developed with a particular focus on communicating and interacting with younger generations through digital content and virtual influencers. Virtual influencers are computer-generated characters and avatars designed using innovative animation software. They have realistic facial expressions and body movements, and are very similar to people. In Asia, virtual influencers are increasingly being used by the music industry, at live events, on social media platforms and in corporate communications.Jens Puttfarcken, President and CEO of Porsche China, says: "In its role as a traditional sports car manufacturer, Porsche has always been the driving force behind change and innovation. We want to remain at the forefront of the automotive industry as we move into the digital age. This investment by Porsche Ventures is an important step in implementing our digital strategy and the start of an extended partnership with iMaker." The strategic investment in iMaker is another key step for Porsche to further expand its portfolio of digital products and services, and accelerate its digital transformation. In the future, Porsche will also cooperate with iMaker in the field of digital application scenarios and in-vehicle digital ecosystems, making vehicles an important part of consumers' digital life and entertainment, as well as creating a convenient and superior digital journey for customers through a seamless experience. Xia Bing, founder of iMaker, says: “We hope to provide diverse digital content and technical support for every shining idea, and find the proper solutions to make it come true in the best possible way. iMaker will support Porsche with the implementation and creation of digital content relevant to the automotive industry." The technology company was founded in late 2019 and has cumulatively closed four rounds of funding with several investors in the past year. Porsche Ventures is the venture capital unit of Porsche AG and has offices in Stuttgart, Berlin, Tel Aviv, Palo Alto and Shanghai. It invests in innovative technology and business models around the world. Porsche has been active on the start-up scene since 2016 and has built a diverse start-up ecosystem in order to work with new, innovative companies in various phases of development: In addition to Porsche Ventures, the Porsche ecosystem includes the technology and digital unit Porsche Digital, the company builder Forward 31 and the early-stage investor APX, a joint venture with Axel Springer SE. More information about this start-up ecosystem can be found in the Porsche Newsroom: https://newsroom.porsche.com/startups . Read further

Porsche Ventures Investments

43 Investments

Porsche Ventures has made 43 investments. Their latest investment was in Intamsys as part of their Series B on May 5, 2023.

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Porsche Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2023

Series B

Intamsys

No

3

4/25/2023

Series A - III

Wanxiang Technology

No

2

12/8/2022

Series A

Customcells

$63M

No

8

12/6/2022

Series A

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$99M

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10

11/9/2022

Series B - III

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$99M

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10

Date

5/10/2023

4/25/2023

12/8/2022

12/6/2022

11/9/2022

Round

Series B

Series A - III

Series A

Series A

Series B - III

Company

Intamsys

Wanxiang Technology

Customcells

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Amount

$63M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

2

8

10

10

Porsche Ventures Portfolio Exits

6 Portfolio Exits

Porsche Ventures has 6 portfolio exits. Their latest portfolio exit was Urgently on February 09, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/9/2023

Acq - Pending

$99M

2

12/12/2022

Acquired

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$99M

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10

12/6/2022

Acquired

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$99M

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10

6/8/2022

Acquired

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$99M

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10

2/22/2022

Acquired

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$99M

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10

Date

2/9/2023

12/12/2022

12/6/2022

6/8/2022

2/22/2022

Exit

Acq - Pending

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

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