Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has invested in The Mobility House, a technology company that provides a platform for integrating vehicle batteries into power grids using intelligent charging, energy and storage solutions.
That investment is the latest by Alliance Ventures in start-up, early-stage development and entrepreneurs at the cutting edge of next-generation technology for the automotive industry. The Mobility House is based in Germany, Switzerland and California’s Silicon Valley.
Alliance Ventures aims to provide the right ecosystem of open innovation to ensure Alliance member companies deliver mobility for tomorrow, said François Dossa, Alliance Global Vice President for Ventures and Open Innovation and Chairman of Alliance Ventures.
Alliance member companies and The Mobility House have already embarked on several projects together. For example, through collaboration with The Mobility House, the Nissan LEAF was the first electric car to be used in a Vehicle-to-Grid (V2G) project in Germany, in Hagen. Cooperating with Groupe Renault, The Mobility House will market the biggest stationary energy storage systems made with electric vehicle batteries in Europe and contribute through its smart energy platform to make the Portuguese island of Porto Santo, near Madeira, the first “smart island” in the world.
The investment in The Mobility House follows 11 others by Alliance Ventures, including start-up based in North America, Europe and China.
Financial terms of the investment in The Mobility House are not being disclosed.