Samsung Electro-Mechanics disclosed on the 30th that it will contribute 29.7 billion won to the new technology business investment association (SVIC No. 79) formed by Samsung Venture Investment.
Regarding the purpose of the contribution, Samsung Electro-Mechanics said it would "proactively secure opportunities to collaborate with promising companies to preempt next-generation technologies."
The total contribution from counterparties is 30 billion won, consisting of 29.7 billion won from Samsung Electro-Mechanics and 300 million won from Samsung Venture Investment.
Earlier, in December last year, Samsung Electro-Mechanics made an investment worth several million euros in Alva Industries, a Norwegian corporations, using investment funds from the new technology business investment association (SVIC No. 47) through Samsung Venture Investment.
Alva Industries, a company that develops next-generation electric motors, provides motor solutions across various fields including robots, drones, and unmanned ground vehicles.