Alliance Ventures announces strategic funding for Vehicle-to-Grid (V2G) technology
Renault-Nissan-Mitsubishi partnership will help The Mobility House turn Porto Santo into the world’s first smart island
The strategic venture capital arm of the Renault-Nissan-Mitsubishi Alliance has revealed it is investing in The Mobility House, a company that is developing technology that will integrate vehicle batteries into power grids using intelligent charging, energy and storage solutions.
Alliance Ventures’ new cash injection into the technology company’s work in mobility builds on an existing collaboration that has seen the Nissan LEAF become the first electric car to be used in a Vehicle-to-Grid (V2G) project in Germany.
Cooperating with Groupe Renault, The Mobility House will market the biggest stationary energy storage systems made with electric vehicle batteries in Europe and help make the Portuguese island of Porto Santo, near Madeira, the first “smart island” in the world through its smart energy platform, the firms said in a statement.
“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 VP for Ventures and Open Innovation and chairman of Alliance Ventures. “The Mobility House’s expertise in e-mobility and energy transition will contribute to the Alliance commitment to zero-emission vehicles and to the achievement of our vision: shaping the future of mobility.”
Based in Germany, Switzerland and California’s Silicon Valley, The Mobility House is the 12th company to secure investment by Alliance Ventures as it continues to support start-up, early-stage development and entrepreneurs working on cutting edge next-generation technology for the automotive industry.
“Alliance Ventures is a perfect investor for The Mobility House,” added Thomas Raffeiner, CEO, The Mobility House. “The fact that the vision and skill set of our companies fit together very well has been proven many times in the past. We are delighted that we can embark on many more projects and make our shared vision of a sustainable energy future come true even faster.”
