This week, Ryder System, Inc. (NYSE: R), announced a new corporate venture capital fund called RyderVentures.
The fund seeks to invest $50 million over the next 5 years involving start-ups that are developing new innovations in the logistics and transportation industries.
“The focus is on start-up companies that are tackling disruptions in the supply chain, driven by accelerating demand for e-commerce fulfillment, asset sharing, next-generation vehicles, automation, and data analytics, among others.” See Business Wire.
In addition to providing funding, Ryder also offers to leverage its established platform of corporate customers and original equipment manufacturers across more than 20 industries to help start-ups accelerate development, go-to-market, and scale for their innovations.
Here are some links to some additional articles on this story. S&P Global Business Journal DC Velocity