Porsche Ventures, the venture capital arm of Porsche AG, has invested in automated guided vehicle manufacturer, Serva.
The Rosenheim-based outfit supports companies in automating their logistics processes through the use of transport robots and intelligent software, and has been working with Porsche on production of its electric sports car, the Taycan. However, it ran into financial difficulties at the start of the coronavirus pandemic. Porsche decided to incorporate the business operations and employees into its business and shareholding structure, Porsche Ventures, “to maintain business operations.”