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 is investing $1.5 billion in a new investment subsidiary called Toyota Invention Partners Co. Toyota's growth-stage venture arm Woven Capital launched a second $800 million fund.
  • The two announcements reflect Toyota’s interest in startups — and the tech and innovation that is coming out of them.
  • 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 in Japan that opened this year.
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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