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

  • Transport can build legacy of hope
    November 30, 2020
    Racial and social injustice has come to the fore this year. Samuel Johnson, IBTTA president and Transportation Corridor Agencies CEO, explains what the industry can do to build ‘a legacy of hope and progress’
    Read More
  • ITSA’s Shailen Bhatt looks to the future
    March 6, 2018
    The new boss of ITS America is fizzing with ideas. Shailen Bhatt talks to Adam Hill about the need to rebrand the ITS industry, how technology can leverage tax dollars – and where the Star Wars universe fits in to his philosophy. Shailen Bhatt has a big job on his hands. The CEO and president of the Intelligent Transportation Society of America is the second to hold the post in two years following the resignation last July of his predecessor Regina Hopper. It has not been the easiest time for the
    Read More
  • Cognitive creates AI vision for China trams
    April 29, 2020
    Chinese urban rail transit signalling system provider Fitsco and Cognitive Pilot are to work on artificial intelligence (AI) solutions for driverless trams.
    Read More
  • Toyota begins Japan smart city construction 
    March 2, 2021
    Woven City near Mount Fuji will be testbed for autonomous vehicles, AI and robotics
    Read More

Highlighted Content