ACVC Partners and Motus Ventures have received commitments from the car components manufacturer that jointly total $20m.

Hyundai Mobis, the automotive components arm of South Korea-headquartered carmaker Hyundai, has provided a total of $20m in capital for two US-based venture capital funds. The recipients are ACVC Partners, an early-stage investment firm focusing on millennial-driven technology products, and Motus Ventures, a VC fund and business accelerator focused on transportation, intelligent infrastructure and the…

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