Toyota adds another $1.5B to its bet on startups at every stage | TechCrunch

Image for article Toyota adds another $1.5B to its bet on startups at every stage | TechCrunch
News Source : TechCrunch

News Summary

  • Toyota made two related announcements Tuesday that provide a snapshot of the company’s growing interest in the startup ecosystem.
  • It also hints at how those startups, and their inventions, may play a part in Woven City, a prototype city at the foot of Mount Fuji.
  • The Japanese automaker said Tuesday it has created a strategic investment subsidiary called Toyota Invention Partners Co. with about $670 million in capital.
  • Its growth-stage venture arm Woven Capital launched a second $800 million fund.
Toyota is looking for the next new thing in mobility, climate, AI, and industrial automation. Its answer is $1.5 billion in new capital that will focus on, and invest in, the life cycle of startups f [+3481 chars]

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