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Toyota’s VC Arm Pours $300 Million In Funds Targeting AI And Green Tech Startups

Catherine Wang of Forbes reports that Toyota is investing $300 million into green tech and AI startups.

The C3 Take
  • 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.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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