INTERVIEW: BMW has a fresh $300m to invest in startups – this is what they are looking for

Both managing directors of BMW i Ventures, Marcus Behrendt (left) and Kasper Sage. Press photo
11 maj 2026
16:50
BMW's corporate venture arm just closed a third fund at $300m with an updated thesis.

In a big interview with Impact Loop, managing partner Marcus Behrendt dove into:

→ How the new balances AI with circularity and materials
→ Where Behrendt separates AI hype from reality
→ A full breakdown of the new fund and where it plans to invest next
→ The secret niche that’s underappreciated by VCs

When BMW’s venture arm launched its second fund in 2021, the thesis was green, with circularity, sustainability and transportation at the core.

That fund reflected the mood of the moment, when climate tech was having its hype moment. In keeping with tradition, the firm’s latest vehicle is keeping up with the trends.

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