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.”

UTC

Related Content

  • October 22, 2018
    Interoperability: towards the new frontier
    After six years of intensive research, testing and negotiation, the US tolling industry is well on its way to groundbreaking results in the effort to establish regional - and eventually national - toll interoperability, says IBTTA’s Bill Cramer. Interoperability has been a high priority on the US tolling industry’s agenda for more than a decade. But several factors made it a uniquely complex issue to resolve - including the number of agencies involved, the significant investments those agencies had already
    Read More
  • March 4, 2019
    IBTTA: ‘The only way to keep up is to stay ahead’
    The focus of the IBTTA’s Annual Technology Summit is changing. The tolling organisation’s Bill Cramer explains why this is good news for ITS professionals looking to embrace new technologies For a decade or more, the technology summits hosted by the International Bridge, Tunnel and Turnpike Association (IBTTA) have helped drive the tolling industry’s embrace of the systems, services and breakthrough concepts that are building a 21st century transportation sector. Now, the summit itself is adjusting its
    Read More
  • April 16, 2019
    5G or not 5G?
    Just a few years ago, there was only one solution in terms of communications protocols for delivering vehicle connectivity. Now, road operators and vehicle manufacturers face choices – including a moral choice, perhaps. Jason Barnes looks at the current state of play There is a debate raging in the ITS world over future communications protocols. Asfinag, Austria’s national strategic road operator, has announced it will from 2020 be using ITS-G5 to support cooperative ITS (C-ITS) applications (‘First thin
    Read More
  • October 12, 2022
    MaaS Global 'reorganises' for 'new route'
    Mobility as a Service specialist lays off staff and seeks new partners as it reviews operations
    Read More

Highlighted Content