Renault’s Alliance Ventures buys into The Mobility House
For an undisclosed sum, Alliance Ventures – the strategic venture capital arm of Renault-Nissan-Mitsubishi – has invested in a platform that integrates vehicle batteries into power grids.
The Mobility House, based in Germany, Switzerland and California’s Silicon Valley, focuses on intelligent charging, energy and storage solutions in order to help balance grid demand.
François Dossa, Alliance global vice president for Ventures and Open Innovation and chairman of Alliance Ventures said: “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.”
The investment follows work already undertaken by the two companies, with Nissan’s Leaf electric car being used in a vehicle-to-grid (V2G) project in Hagen, Germany. This is in addition to more high profile use-cases, including the “smart island” project on the Portuguese island of Porto Santo, near Madeira that will see the island use a combination of Renault Zoe electric cars and large capacity stationary energy storage systems that are created using electric vehicle batteries.
The investment in The Mobility House follows 11 others by Alliance Ventures, including start-ups based in North America, Europe and China.