Nexen Tire Launches Next Century Ventures in Silicon Valley to Expand to New & Futuristic Mobility Space

SEOUL, South Korea, March 18, 2021 (GLOBE NEWSWIRE) — Nexen Tire, a leading global tire manufacturer, today announced the establishment of Next Century Ventures (NCV), a Silicon Valley-based initiative aimed at backing budding mobility startups.

Next Century Ventures plans to invest in companies focusing on leading innovation and the fourth industrial revolution in the Silicon Valley, and will also seek investment opportunities in other countries and regions including Europe, China, and South Korea.

The aim of the initiative is to accelerate the expansion of Nexen Tire into a new and futuristic mobility space. Target investments will include core mobility technologies such as automotive sensors and Artificial Intelligence (AI), electric vehicles, and self-driving technologies.

Source: GlobeNewswire