Through its venture capital fund BMW i Ventures, the BMW Group has taken a stake in Jetti Resources. The goal is to foster responsible and resource-conserving copper extraction to address rising demand in a more sustainable way.
As copper is a vital raw material to produce electric drivetrains in EVs, demand is forecasted to grow substantially in the coming years. As early as 2030, at least half of BMW Group’s global sales will consist of fully electric vehicles.
By investing in Jetti, we are supporting technological progress in the field of copper extraction, with a focus on responsible and resource-conserving methods.
Wolfgang Obermaier, Head of Indirect Goods and Services, Raw Materials, Production Partners of the BMW Group
This new process has the potential to improve the environmental footprint and integrity of our supply chain, even with growing demand for resources like copper.
Read the full BMW Group announcement here.