Speaking of Porsche’s worth, it began trading on the Frankfurt Stock Exchange in September last year, and it quickly became the most valuable carmaker in Europe. As things stand now, Porsche has expressed confidence in the performance of its existing portfolio, and Porsche Ventures 2.0 will build upon this.
Porsche Ventures’ new office in Luxembourg joins other locations in Berlin, Palo Alto, Shanghai, and Tel Aviv. Operations will begin in Luxembourg this month as Porsche Investments Management has already occupied offices there, and the plan is to have ten staff in place by the end of 2023.
There are many promising EV startups trying to grow their footprint in the market, but Porsche’s investments have already expanded beyond other carmakers and into the mobility space as a whole. Many are bringing some incredible technologies to the table, but they have a far greater chance of succeeding with the backing of larger entities like Porsche.
We look forward to the exciting partnerships that will undoubtedly stem from Porsche Investments Management and the company’s sizable new investment.
