By Max Bernhard 
 

Volkswagen AG's (VOW.XE) sports-car maker Porsche AG said Tuesday that it is increasing its planned investment in start-ups by EUR150 million ($176.3 million) for the next five years.

Porsche said it wants to focus on investments in business models relating to the customer experience and future technologies such as artificial intelligence, blockchain and virtual and augmented reality.

The company said previously it plans to invest more than EUR6 billion in electromobility by 2022.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

September 25, 2018 10:13 ET (14:13 GMT)