BMW i Ventures has a new $300M fund and AI is riding shotgun

BMW i Ventures has launched a new $300 million fund with a timely thesis: AI will reshape how the automotive industry operates. And the independent venture arm of BMW AG wants to be in the driver’s seat. The fund, announced on Wednesday, will invest in early-stage through Series B startups in North America and Europe that are working on agentic AI and physical AI (a term that includes AI applied to robotics and autonomous vehicles) as well as industrial software, advanced materials, and manufacturing and supply chain technologies. This third fund brings the firm’s total capital under management to $1.1 billion.