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November 05, 2020 | Tom Ballard

RyderVentures launched, will invest $50 million in start-ups

Ryder System Inc. has announced the launch of RyderVentures, a new fund to invest in and partner with start-up companies that are developing new technologies and business models that deliver advancements and automation in the logistics and transportation industries.

In making the announcement, the company said that it is investing $50 million in RyderVentures over the next five years and will focus is on start-ups that are tackling disruptions in the supply chain, driven by accelerating demand for e-commerce fulfillment, asset sharing, next-generation vehicles, automation, and data analytics, among others.

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