US Subsidiaries · Venture capital (mobility and robotics)
Toyota AI Ventures launches second $100 million fund for start-ups
- Parent
- Toyota Motor (Toyota AI Ventures, part of Toyota Research Institute) (Toyota City, Aichi)
- New US unit
- Toyota AI Ventures Fund II, Silicon Valley, California
- Value
- $100M new fund
- Status
- Launched in early May 2019.
- Date
- 2019-05-01
Toyota AI Ventures, the Silicon Valley venture arm of Toyota Research Institute, launched a second fund of $100 million. The fund invests in early-stage start-ups working on autonomous mobility and robotics. With Fund II, the unit manages more than $200 million. Reports of the launch were dated from May 2 to May 7, 2019.
Why it matters
The new fund gave Toyota a larger pool of money to find early technology in the US for its future cars and robots.
Sources
Kakehashi M&A News home
