Catherine Wang of Forbes reports that Toyota is investing $300 million into green tech and AI startups.
- Toyota’s venture capital arm, Toyota Ventures, unveiled two new $150 million funds targeting early-stage startups in fields like AI, robotics, and renewable energy, bringing its total assets under management to over $800 million.
- Toyota Ventures is “scaling up” its investment efforts, aiming to capitalize on emerging breakthroughs in areas like generative AI, e-fuels, carbon capture, and synthetic biology, even as some other investors have pulled back.
- Toyota Ventures is currently investing in 75 of companies globally including Vow, an Australian lab-grown meat startup, Scentian Bio, a New Zealand-based biosensor maker.
“Founded in 2017, Toyota Ventures began as Toyota AI Ventures, a subsidiary of the Toyota Research Institute. It rebranded to its current name in 2021, when Toyota committed an additional $300 million to the arm. In addition to Toyota Ventures, Toyota operates Woven Capital, a startup investment arm targeting ‘growth-stage’ ventures in automation and clean energy. Woven’s six portfolio companies include AI and machine learning startup Nuro, which has raised over $2 billion from investors including SoftBank, Baillie Gifford, Fidelity, Greylock and Tiger Global.”
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