Next Century Ventures, the venture capital arm of NEXEN TIRE, announces its inaugural investment in ANRA Technologies, a US-based urban air mobility startup
– The newly formed venture capital firm to proactively identify and invest in innovative technologies
– NEXEN TIRE looks to UAM to broaden the company’s vision for future mobility
RICHFIELD, Ohio, 20 December 2021 / PRNewswire / – Next Century Ventures (NCV), NEXEN TIRE’s corporate venture capital fund, today announced that it has invested in ANRA Technologies, the pioneer of business and air traffic control solutions in the industry Urban Air Mobility (UAM), to advance NCV’s goal of spearheading the mobility revolution.
Earlier in March, NCV announced its intention to fuel the growth of NEXEN TIRE’s corporate vision of improving overall customer mobility beyond tires by targeting mobility technologies such as mobility as service (MaaS), artificial intelligence, electric vehicles and autonomous driving technologies; and chose the UAM sector as the first investment target.
Urban Air Mobility (UAM) is a revolutionary technology that aims to improve the efficiency of transportation in urban and suburban areas. UAM uses highly automated and sustainable modes of transportation to move passengers and goods at low altitudes. UAM offers a technological solution to road traffic congestion in populated cities by enabling the distribution of road traffic in the airspace, thus effectively addressing environmental issues as well as congestion issues.
Based in the United States, ANRA Technologies is a leading international provider of unmanned aircraft systems (UTM) traffic management solutions for commercial drone operators and airspace managers. ANRA Technologies offers intelligent and modular traffic management software features for UTM and UAM operations. The technology underlying UTM is the catalyst for the future of UAM; in that this technology actually functions as an air traffic control tower, allowing aircraft to move safely and efficiently.
ANRA Technologies has worked on numerous UTM projects for NASA and FAA, and is the only company in the world to support both NASA and EASA (European Union Aviation Safety Agency) as a supplier UAM airspace services. ANRA Technologies has also partnered with Swiggy, india largest online food delivery platform, reaching a milestone of 100 flight hours while performing BVLOS (Beyond Visual Line of Sight) delivery operations in India.
Launched in March 2021 Through a joint investment with NEXEN CORP, the holding company of NEXEN TIRE, NCV strives to utilize the capabilities, experience and resources of its sponsors while bringing together LPs and startups to leverage their complementary strength with the aim of co-creating the future of mobility.
“We are working to disrupt the status quo of the mobility industry by investing in exceptional entrepreneurs with transformative ideas and technologies,” said Jin man lee, CEO of Next Century Ventures. “At the same time, we are driven by a vocation to discover futuristic technologies that have the potential to connect people in a safer way and with ease and comfort, bringing joy into everyone’s daily life; and we are continually on the lookout for such innovative opportunities. “
About NeXth century companies
Next Century Ventures is a venture capital platform launched in March 2021 by NEXEN TIRE. Based in Silicon Valley, the hub of the mobility revolution, the company’s mission is to discover, nurture and promote new technologies that will challenge and transform the status quo of the mobile phone industry. mobility.
For more information, please visit http://www.nextcentury.vc/
About NEXEN TIRE
NEXEN TIRE, established in 1942, is a global tire manufacturer headquartered in South Korea. NEXEN TIRE, one of the world’s fastest growing tire manufacturers, currently interacts with around 150 countries around the world and has four manufacturing plants – two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another factory in Žatec, Czech Republic also started operations in 2019. NEXEN TIRE produces tires for passenger cars, SUVs and light trucks with advanced technology and design excellence. NEXEN TIRE supplies original tires to global car manufacturers in various countries around the world. In 2014, the company won for the first time the grand slam of the 4 best design awards in the world among the various tire manufacturers in the world.
For more information, please visit https://www.nexentire.com/international/
Contact: [email protected]
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SOURCE Nexen Tire America, Inc.