Nokia invest $100 million in Car-to-Car technology.

Technology is something that grows more and more advanced nearly every day. Recently there has been a major shift towards phone connectivity and in-car entertainment systems; with major names in the telecommunications world turning their eye to such systems. One of the world's top cellphone manufacturers, Nokia, recently sold its phone unit to Windows and started looking for a new system to develop.

Turning away from phones talking to cars, Nokia have turned their eye to making cars talk to cars. It was recently reported that the company had created a $100 million fund to invest in promising automotive technology companies; in a statement to the BBC Paul Asel, Managing Partner at Nokia Growth Partners, said:

“For the last few years there has been a surge in innovation that has brought technological advances leading to safer, cleaner, increasingly connected, intelligent and more affordable vehicles. Vehicles are becoming a new platform for technology adoption very similar to phones or tablets...We are excited to deepen our collaboration with HERE through the Connected Car fund to invest in companies that are driving the future of the auto ecosystem, local services and personal mobility."

Nokia already have a strong footing in the automotive world through their partnership with 'HERE'; a company who provide extensive location information for connected vehicles. Increased collaboration with HERE through the new fund will hopefully see development of technology that lets cars communicate with one another; transferring data such as speed and location. This would allow the vehicle to know of any potential hazards before they arise; for example – a broken down lorry around a blind corner on a single carriageway. The new technology could be the next big breakthrough in automotive development and will allow drivers to be connected with the ever-busy road network without changing driving.

"We believe that connected cars equipped with precise location awareness and sensor data can become powerful devices capable of helping drivers make sense of the world around them. With more than 25 years of experience in creating automotive grade maps for the automobile industry, we look forward to working with promising companies in NGP's new fund to create a whole new class of services that keep drivers safe and connected." - Michael Halbherr, CEO of HERE

Nokia's race to develop such technology puts them in competition with brands like intel, who are also developing technologies like this. Intel announced in 2012 that they had created a $100 million fund to help accelerate technologies such as car-to-phone, car-to-internet and car-to-car connectivity.

Images © Nokia