Woven Capital managing director George Kellerman tells GCV about the fund and how it works with Toyota Ventures and Toyota ahead of his spotlight interview on the first day of this year’s GCVI Summit.

George Kellerman, managing director of Woven Capital – which invests on behalf of Japan-headquartered carmaker Toyota’s Woven Planet subsidiary – explained to Global Corporate Venturing how the fund operates and its relationships with Toyota Ventures (formerly Toyota AI Ventures) and Toyota. Learn more about Woven Capital during its joint interview, The curious case of CVC: new players, new opportunities, with Lukasz Garbowski, investment director of Btomorrow Ventures, at 1:40 pm PST today, the first day of the Global Corporate Venturing & Innovation Summit in Monterey. 1. Tell us a little about Woven Capital. Founded in 2021, Woven Capital is the $800m corporate venture capital arm of Woven Planet, a wholly-owned subsidiary of the Toyota Motor Corporation, committed to developing the safest mobility on the planet. Woven Planet plays a leading role in accelerating Toyota’s transition from a global automobile manufacturer to a global mobility company. Woven Capital aims to broaden Woven Planet’s global reach and accelerate innovation through investments and partnerships with exceptional growth-stage companies. 2. What is your investment strategy? Woven Planet and Woven Capital are focused on developing software at the centre of mobility. We are acquiring digital technologies that either fill gaps in our technology stack or that will provide skills and capabilities that we do not currently possess and that might take too long to develop in-house. We want to invest in companies that have the potential to collaborate with us from day one. With the backing of one of the largest and most profitable automakers in the world, Woven Planet has the scale and resources to become a top player in autonomous vehicles (AV) and other cutting-edge mobility technologies. 3. How has your firm evolved from its founding to today? Given Woven Planet’s emphasis on the future of mobility, it might be easy to limit our horizons to technologies aimed specifically at moving people or goods from point A to point B. But mobility involves entire ecosystems of participants – manufacturers, logistics operators, payment systems and so on. Woven Planet’s view of the future also includes Woven City, a prototype for the cities of tomorrow, which involves social and economic structures much broader than what might typically come to mind when you say “mobility”. There is a sector grid diagram we like to use when we are discussing our mission. It shows 12 separate sectors that we consider part of our purview, and mobility is only one of them. Others include energy, agriculture, education, smart homes, healthcare,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.