- Toyota Ventures allocates $300M for global startup investments.
- The Frontier Fund focuses on AI, robotics, cloud services, and quantum computing.
- The Climate Fund targets companies addressing climate change.
Toyota Ventures, the venture capital arm of Toyota, has earmarked $300 million for startup investments through two global funds.
The Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF II) will each receive an equal share of the allocation, increasing the company’s managed assets to over $800 million.
Focusing on emerging technologies
Led by experienced investor David Sokolic, TVFF II will invest in startups working on AI, robotics, cloud services, and quantum computing.
The fund follows the success of its predecessor, which backed companies such as satellite provider Starfish Space and quantum computing startup Haiqu.
TVCF II targets climate change
Under the leadership of Lisa Coca, TVCF II will focus on companies addressing climate change and environmental sustainability.
The first TVCF invested in firms working on renewable energy, energy storage, and hydrogen solutions, aligning Toyota’s carbon neutrality goals.
To read the original article: https://www.techinasia.com/toyota-ventures-bookmarks-300m-global-startup-investments
