SABIC Ventures invests for future growth in China
With an eye towards future growth in Asia, SABIC Ventures is partnering with Richland Capital, one of China’s leading technology focused investment funds.
“The rationale for this investment is to help us identify technology opportunities in the region so we can partner with or co-invest in relevant startups that seek scaling up as well as international expansion prospects”, said Aruna Subramanian, Managing Director
“The new partnership aligns with our technology teams which are developing solutions with SABIC materials for strategic emerging industries like electrical vehicles, 5G infrastructure or alternative energies systems”, said Lina Prada, Director of SABIC’s Global Polymers Application Development & Industries Solutions.
“This partnership with a very experienced team at Richland in material science deals will certainly help to accelerate our developments reaching our start up players in the China region,” she added.
SABIC has built a culture of partnerships, which has supported the delivery of innovative products and services. The company’s willingness to work in partnership with others has provided SABIC Ventures with unique opportunities to invest in and benefit from cutting-edge innovations.
For More information about Richland Capital, visit www.richlandcap.com