The fund, launched in 2018, plans to invest up to $1 billion in its first five years to support open innovation in new mobility, autonomous driving, connected services, EV & energy, and enterprise 2.0. It makes strategic investments at all start-up stages and incubates new automotive entrepreneurs. Alliance Ventures aligns with the objectives of "Alliance 2022" to strengthen cooperation and generate over €10 billion in synergies. Renault-Nissan-Mitsubishi is the world's largest automotive alliance, selling over 10.6 million vehicles in 2017. They focus on collaboration, strategic partnerships, and developing advanced technologies for affordable vehicles.