The newly rebranded Toyota Ventures will split the cash between its Toyota Ventures Climate Fund and Toyota Ventures Frontier Fund.
Japan-headquartered automotive manufacturer Toyota committed another $300m in capital to its corporate venturing unit yesterday, also rebranding it from Toyota AI Ventures to Toyota Ventures.
Toyota AI Ventures had been launched under the auspices of the company’s Toyota Research Institute in 2017 with $100m in capital. Toyota subsequently provided a further $100m for its Fund II in late 2019.
The capital will be divided evenly between two funds. One of those, Toyota Ventures Climate Fund, will concentrate on…
