Cash-rich Nokia invests $100 million to boost connected car tech


Nokia still has to make a living in its new handset-free order, and it looks set to expand one of its most profitable apps: Here. It just launched a $100 million connected car endeavor through its Nokia Growth Partners (NGP) fund to invest in technological innovations around travel and mapping. The purpose is to "grow the ecosystem around Here's mapping and location products" for cars by investing in companies developing such tech. Now that it's no longer wedded to Windows Phone, it also seems to be making a push for native Android and iOS apps as well, judging some LinkedIn ads sniffed out by NPU . One seeks developers to produce "industry leading mobile SDKs," while the other is looking for Here Android developers for crowd mapping. We imagine that Microsoft will remain a steady customer for Here and other Nokia apps, which are some of the best on WP8 -- and having a solid alternative on Android and iOS can't hurt either.

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Via: PhoneArena

Source: Nokia, Nokia (Linkedin) (1), (2)





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