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

  • May 26, 2020
    OpenSpace visualises how social distancing will work
    OpenSpace CEO Nicolas Le Glatin tells Adam Hill how Xovis camera tech might help unlock more convenient ways for moving through mobility hubs during Covid-19
    Read More
  • May 9, 2019
    ITS America ‘disappointed’ at Toyota V2X decision
    Trade association ITS America has expressed disappointment that Toyota is pausing its Vehicle to Everything (V2X) deployment in the US. The Japanese car maker sent a letter to the Federal Communications Commission (FCC) saying that a lack of activity from other manufacturers on V2X – plus uncertainty over the regulatory position – had led to the decision. In a statement, ITS America said it was ‘disappointed’, adding: “We appreciate Toyota’s leadership and commitment to life-saving V2X technology.” Th
    Read More
  • July 29, 2021
    EU mobility’s Covid escape route
    European Union roads could be more resilient after the pandemic ends, thanks to the goal of creating a more integrated mobility network, says ERF’s José Diez
    Read More
  • May 16, 2018
    ACE report: private sector and user-pay for English roads
    It’s one minute to midnight for funding England’s roads, according to a timely new report - and the clock’s big hand is pointing to some form of user-pay solution, reports David Arminas. Is there any way out of future user-pay funding for England’s highway infrastructure? The answer is a resounding ‘no’, according to the recently-published report Funding Roads for the Future. The 25-page document by the London-based Association for Consultancy and Engineering (ACE) calls for a radical rethink about how to
    Read More

Highlighted Content