Porsche Invests In US Start-up 'Urgent.ly'
The German auto maker Porsche Automobil Holding SE (POAHY.PK,POAHF.PK) said that it has invested in U.S. mobility and roadside-assistance startup Urgent.ly. Porsche said its venture capital arm, Porsche Ventures, has taken part in a financing round amounting to $21 million or 18.5 million euros for Urgent.ly. The venture-capital divisions of Bayerische Motoren Werke AG (BMW) and Jaguar Land Rover also obtained shares in Urgent.ly.
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