Hyundai Motor Group launches $91.4 million startup investment fund

Hyundai Motor Group said on Monday it has established its third startup investment fund to support innovative venture companies with cutting-edge technologies and ideas. The group's third fund under its ZER01NE accelerator program has been set up at a scale of 125 billion won (US$91.6 million), with financial participation from group affiliates, reported Yonhap news agency.