InMotion Venturesventure capital arm of Jaguar Land Rovercan count on a new CEO. It is about Mike Smeed leaving Cherry Jaguar Land Rover, a China-based JV, to take over the leadership of the division that supports startups in all stages of growth. Here are the details:
Jaguar Land Rover’s InMotion has a new CEO: Mike Smeed
The appointment of Mike Smeed as CEO of InMotion, the venture capital arm of Jaguar Land Rover, it represents an important step forward for the division that plays a key role in the group’s Open Innovation strategy. InMotion, in fact, collaborates with statrtup, scaleup and external organizations and already has invested in key areas of the company’s program such as autonomy, connectivity, electrification, sustainability, techno-finance and smart business. From this November it will be up to Mike Smeed, previously driving Chery Jaguar Land Rover, to carry on the development of the projects.
Mike Smeed comments: “Jaguar Land Rover’s Open Innovation strategy places innovation at the heart of the business, bringing new thinking and opportunity, and thereby helping to accelerate the implementation of the Reimagine strategy. A well-established venture capital arm is critical to achieving business goals. InMotion Ventures has an excellent reputation in the market, with an enviable portfolio already today, and this is a fantastic opportunity to take the fund to further success as we move closer to the company’s transformation plans. “