News Summary

• BMW i Ventures has launched a new $300 million fund with a timely thesis: AI will reshape how the automotive industry operates.
• The fund will invest in early-stage through Series B startups in North America and Europe that are working on agentic AI and physical AI.
• This third fund brings the firm’s total capital under management to $1.1 billion.
• The VC firm is still committed to other categories that it has previously invested in, including advanced materials and circular supply chains.