Toyota launches $100 million fund to invest in autonomous mobility | Smart Highways Magazine: Industry News

Toyota launches $100 million fund to invest in autonomous mobility

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Toyota AI Ventures (TAIV) announced Fund II, a new $100 million fund dedicated to investment in early-stage start-ups developing disruptive business models in the autonomous mobility and robotics markets. 

TAIV says that it looks for early-stage start-ups across a range of industries that are applying AI, data and cloud technologies to tackle important problems and create new market opportunities.

‘The growing interest in automated systems has created great opportunities to improve human lives using AI and next generation mobility technology,’ said Dr Gill Pratt, TRI Chief Executive Officer and TAIV committee member.

TAIV’s existing investments include such diverse companies as:

  • Elementary Robotics — developing robotics platforms to assist with automating everyday tasks
  • Intuition Robotics — creating social companion technologies using cognitive AI
  • Joby Aviation — pioneering an electric vertical take-off and landing (eVTOL) passenger aircraft service
  • May Mobility — offering communities a Level 4 self-driving shuttle service
  • Sea Machines — building autonomous control and navigation systems for the maritime industry

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