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

  • September 14, 2017
    US DOT releases new automated driving systems guidance
    The US Department of Transportation and the National Highway Traffic Safety Administration (NHTSA) have released new federal guidance for Automated Driving Systems (ADS): A Vision for Safety 2.0. The new Voluntary Guidance focuses on levels 3, 4 and 5 automated driving systems (ADS).
    Read More
  • June 25, 2024
    Navigating the future: 30th ITS World Congress in Dubai
    Ertico – ITS Europe is organising the ITS World Congress, which takes place from September 16-20 this year: here are some thoughts on why you should book your place…
    Read More
  • June 25, 2024
    Unmanned AV set to run on Korean roads
    Ministry of Land, Infrastructure and Transport has permitted 'temporary operation'
    Read More
  • September 4, 2018
    ASECAP examines tolling’s trials, tribulations and triumphs
    If you want to get up to speed on the main issues facing the transport sector and tolling companies, ASECAP Study Days event in Ljubljana was a good place to start. Colin Sowman reports (Photographs: Louis David). Increasing populations, ever-higher technical and safety requirements, and electric and hybrid vehicles will provide both challenges and opportunities for tolling companies. The annual Study Days event organised by ASECAP (the European association for tolling companies) examined all of these aspec
    Read More

Highlighted Content