15 years
Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations’ Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.
Accelerating Efforts to Achieve Carbon Neutrality
Toyota City, Japan, June 3, 2021 - (JCN Newswire) - Toyota is strengthening company-wide efforts to further accelerate CO2 reduction toward its goal of carbon neutrality. As a part of this effort, Toyota has established a global investment fund, the Toyota Ventures Climate Fund .
To achieve carbon neutrality, in addition to making our own efforts, we believe that we need to collaborate with like-minded partners. The Toyota Ventures Climate Fund will invest in promising early-stage companies around the world, that are eagerly working on solutions to drive innovation in carbon neutrality.
The Toyota Ventures Climate Fund will be managed by the team at Toyota AI Ventures, which announced today that its company name has been changed to Toyota Ventures (hereinafter referred to as TV ). TV will serve as the fund manager (GP) on behalf of Toyota, with a total investment of 150 million U.S. dollars.
Toyotaâs Silicon Valley Venture Arm Gets $300 Million Infusion, Launches Climate Fund
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Toyota Ventures is launching a new $150 million fund targeting startups developing technology to help lower carbon pollution.
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Toyota AI Ventures, the Silicon Valley VC set up by global auto giant Toyota Motor Corp. in 2017, is rebranding itself Toyota Ventures and getting a $300 million infusion to invest in early-stage tech startups and launch a new fund targeting companies with products and services that cut carbon emissions.
The Los Altos, California-based firm, which has backed companies including eVTOL developer Joby Aviation, micromobility service Revel and autonomous shuttle operator May Mobility, is using its additional cash to expand its Frontier Fund by $150 million and launch a $150 million Climate Fund. In total, itâs now managing assets worth more than $500 million, says Jim Adler, Toyota Venturesâ managing director.
Since its inception four years ago, Toyota's venture capital division has invested in 38 companies, including May Mobility, Joby Aviation, Nauto and Perceptive Automata.
Revel’s Frank Reig shares how he built his business and what he’s planning Like every startup, we’ve made plenty of mistakes along the way
It’s only been three years since they hit the streets and Revel’s blue electric mopeds have already become a common sight in New York, San Francisco and a growing number of U.S. cities. However, Revel founder and CEO Frank Reig has set his sights far beyond building a shared moped service.
In fact, since the beginning of 2021, Revel has launched an e-bike subscription service, an EV charging station venture and an all-electric rideshare service driven by a fleet of 50 Teslas.