Renault-Nissan-Mitsubishi, the world’s leading automotive alliance has launched Alliance Ventures, a new corporate venture capital fund that plans to invest up to US$1 billion (Bt32.01 billion) to support open innovation over the next five years.

Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, on Wednesday announced the launch of Alliance Ventures, a new corporate venture capital fund that plans to invest up to US$1 billion (Bt32 billion) to support open innovation over the next five years.