Toyota Ventures, the early-stage venture capital arm of Toyota, founded in July 2017 to discover what’s next for Toyota, has raised an additional $300 million, bringing the firm’s total assets under management to over $800 million.
Since its founding, the SF Bay Area-based Toyota Ventures has invested in more than 75 startups across areas ranging from artificial intelligence and robotics to hydrogen solutions and renewable energy.
With these new funds, Toyota Ventures Frontier Fund II (TVFF II $150 million) and Toyota Ventures Climate Fund II (TVCF II $150 million), the firm can support more entrepreneurs around the world as they tackle tough challenges to build a better future for society and the planet.
“At Toyota Ventures, we are explorers. Our role is to understand technology trends that could advance Toyota’s mobility transformation in the near term and embrace the next generation of disruptive innovation in the long term,” said Jim Adler, founder and general partner of Toyota Ventures. “With seismic breakthroughs in generative AI, e-fuels, space commercialization, carbon capture, and synthetic biology, it’s a crucial time to be investing for Toyota.”
TVFF II will focus on startups at the cutting edge of deep technology in areas like AI, robotics, mobility, cloud, and quantum computing while TVCF II will seek out startups developing smart, scalable solutions that combat climate change and promote environmental sustainability.
Gill Pratt, chief scientist of Toyota Motor Corporation, CEO of TRI, and board member at Toyota Ventures said, “These new funds underscore our dedication to supporting entrepreneurs who are pushing the boundaries of what’s possible, and I’m thrilled to continue this journey alongside the Toyota Ventures team and portfolio.”
Apart from capital, Toyota Ventures aims to leverage Toyota’s global network, deep technical expertise, and strategic partnerships to assist startups in its portfolio. The firm will also provide guidance in product and business development, fundraising, marketing, and other areas to help the companies scale effectively.
Entrepreneurs seeking early-stage funding are invited to learn more and submit an online pitch at the Toyota Ventures website.