Tej Kohli, the Indian billionaire well-known for his pioneering work in disruptive technology and remedying corneal blindness, is also committed to investing in robotics and artificial intelligence and is now backing Rewired through his multi-family office.
He believes that advancements in robotics will not only power the next industrial revolution but also create a massive opportunity for doing good and will improve the quality of human life in unprecedented ways.
“I am deeply committed to helping shape these technologies towards outcomes that are clearly immensely valuable to society and I have full confidence that Rewired will achieve their lofty goals,” he says.
“What I like about Rewired is that it is driven by a more humanitarian notion of robotics and artificial intelligence.”
The initiative is backed by the family office of Tej Kohli, a serial entrepreneur, global businessman and philanthropist, with a focus on technology enabled investments that have a social impact, across sectors including Artificial Intelligence & Robotics, FinTech, E-commerce Technology, Genomics and AgTech and Renewables.
Fund investments will be made in early and growth stage businesses, primarily in the technology, renewable energy, property, AgTech and medical innovations sectors, for which Mr Kohli is a significant investor.
Over the past 30 years, Mr Kohli has invested in start-ups and high-growth companies across the globe, building businesses including Elegant Technology, Cedars Online, and Dynacart Solutions, and successfully exiting from GrafixSoftech.
Impact investing challenges the common view that social and environmental issues should only be addressed and supported through charitable donations, and that market investments should focus solely on achieving financial returns.
In reality, the impact investing market offers a diverse range of viable opportunities for investors to advance many social and environment issues and causes through investments that also produce financial returns. Through this avenue investors are also able to support the progress and development of innovative solutions on challenging global issues.