VW Plans $355 Million Venture Capital Fund for Decarbonization
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Volkswagen AG plans to set up a venture capital fund with an initial volume of 300 million euros ($355 million) to invest in decarbonization projects and start-ups.
Carbon capturing is feasible but expensive, and for some new technologies it’s key to broaden operations and being able to scale up, VW Chief Executive Officer Herbert Diess said in a LinkedIn post on Tuesday.