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 12, 2018
    Trust me, I'm a driverless car
    Developing C/AV technology is the easy bit: now the vehicles need to gain people’s confidence. So does the public feel safe in driverless hands – and how much might they be willing to pay for the privilege? The Venturer consortium’s final user and technology test (Trial 3) explored levels of user trust in scenarios where a connected and autonomous vehicle (C/AV) is interacting with cyclists, pedestrians and other road users on a controlled road network. Trial 3 consisted of experimental runs in the
    Read More
  • May 5, 2016
    ITS innovations – a change for the better?
    Josef Czako takes a look at what the future developments may hold for both the transport sector and society. As the dust of the 2015 World Congress in Bordeaux settles, we can begin to see more clearly some of the most important future innovations in ITS are starting to be linked together: mobility as a service (MaaS), mobility pricing and autonomous vehicles. They all are based on global trends, like digitalisation, automation and servitisation.
    Read More
  • May 24, 2017
    Start-ups ‘steering growth and innovation in global automotive and mobility industry’
    From devising driver monitoring systems to mapping services and driver safety data on the go, start-ups are rapidly emerging in every technological vertical in the automotive space, say Frost & Sullivan researchers. Over 1,700 start-ups are focusing on developing technologies that enable electrification, autonomous cars and mobility solutions to reduce the cost of ownership and enhance user experience. Meanwhile, original equipment manufacturer (OEM) start-up initiatives such as BMW Start-up Garage, the JLR
    Read More
  • November 6, 2020
    Canada establishes air mobility consortium
    AAM aircraft will provide transportation to urban and rural areas, CAAM says
    Read More

Highlighted Content