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Alan Ohnsman reports for Forbes that Toyota has launched a venture capital climate fund.
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- Toyota Ventures now has more than $500 million available to invest in clean energy startups.
- In addition to their venture fund, Toyota is investing billions of dollars each year into clean energy R&D.
- Toyota’s actions show that the private sector is best equipped to lead in emissions reduction efforts
“While Toyota has a massive multibillion-dollar R&D budget to develop better materials, electronics, software, advanced batteries and hydrogen fuel cell systems for its cars and trucks, Toyota Ventures is on the lookout for promising, small startups with technology that could eventually be both lucrative and potentially benefit the automaker’s global operations.”
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