Toyota AI launches $100m fund for mobility start-ups

Toyota AI Ventures has announced a $100 million fund dedicated to investing in early-stage start-ups developing autonomous mobility and robotics. The company says the fund brings its total assets under management to more than $200m to invest in and support promising projects around the world. Jim Adler, managing director of Toyota AI Ventures, says: “Investing in start-ups creates long-term relationships that help Toyota explore the latest innovations in mobility.” The company looks across a range of in
May 13, 2019 Read time: 2 mins
1686 Toyota AI Ventures has announced a $100 million fund dedicated to investing in early-stage start-ups developing autonomous mobility and robotics.


The company says the fund brings its total assets under management to more than $200m to invest in and support promising projects around the world.

Jim Adler, managing director of Toyota AI Ventures, says: “Investing in start-ups creates long-term relationships that help Toyota explore the latest innovations in mobility.”

The company looks across a range of industries that are applying artificial intelligence (AI), data, and cloud technologies. Existing investments includes the following companies:

  • Joby Aviation: Pioneering an electric vertical take-off and landing passenger aircraft service
  • May Mobility: A Level 4 self-driving shuttle service
  • Sea Machines: Building autonomous control and navigation systems for the maritime industry
  • Elementary Robotics: Developing robotics platforms to assist with automating everyday tasks
  • Intuition Robotics: Creating social companion technologies using cognitive AI


Edwin Olson, co-founder and CEO of May Mobility, says: “For us, Toyota AI Ventures isn’t just an important investor, they are a critical partner in helping us realise our long-term vision of making transportation safer and more personal.”

Urban Traffic Control

For more information on companies in this article

Related Content

  • Indego to deploy 400 more e-bikes in Philadelphia
    May 13, 2019
    Bike-share company Indego is adding 400 more pedal-assist electric bikes to its pilot in Philadelphia. Waffiyyah Murray, Better Bike Share Partnership programme manager, says: ““Adding more electric bikes to the fleet will help address several barriers and open the door for new cyclists who may not have considered using Indego before.” The Better Bike Share Partnership, a collaboration funded by the JPB Foundation, focuses on building equitable and replicable bike-share systems. In 2015, Indego used fundi
    Read More
  • ITS projects deliver return on investment
    December 3, 2012
    Light is being shed on where the real return on investment is today – growing, tangible, revenue-generating markets like ITS. There is a great deal of investment going on within the ITS space, and a great deal of external interest in investing in ITS,” says Scott Belcher, President and CEO of ITS America, which has been connecting investors with technology firms ripe for investment. Interested parties include the leading investment banking firm Raymond James. Its managing director, Gary Downing says: “ITS i
    Read More
  • Live web conference – future of vehicle parking management systems
    September 3, 2013
    According to Frost & Sullivan, the parking industry has transformed dynamics in its operation with a different genre of participants including automotive OEMs exploring numerous opportunities in parking and expected to witness a major growth phase in this decade. Bundled services with apps are helping parking operators to ease their operations, business and positioning. Early stage growth opportunities will attract more than twenty new start-ups in the parking industry providing real-time parking applicatio
    Read More
  • Autopilot highlights shape of Things
    March 30, 2020
    Driverless vehicles require rich data to operate safely, and a European consortium is harnessing the Internet of Things to help.
    Read More

Highlighted Content