I’m a reporter at Forbes Asia based in Hong Kong, covering startups, sustainability and financial inclusion. You can email me at catherine.wang [at] forbes.com.
Japanese automaker Toyota’s Silicon Valley venture capital arm, Toyota Ventures , unveiled Wednesday two $150 million funds for early-stage startups in fields such as AI, robotics and renewable energy.
“At a time when some investors have scaled back, we’re scaling up by doubling down on our initial Frontier and Climate Funds,” said Jim Adler, founder and general partner of Toyota Ventures, in a. “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.”
About a quarter of Toyota Ventures’ portfolio companies fall under the maiden Climate Fund, which focuses on “smart, scalable solutions” combatting climate change. These companies include Australian foodtech startup Vow, featured in the, which produces lab-grown meat from animal cells. In 2022, Vow raised $49.2 million in a Series A funding round led by Australian VC Blackbird and Prosperity7, a fund of oil giant Aramco’s venture arm.
Toyota For Sale AI Startup Funding Toyota Ventures Toyota Dividends Joby Share Price Joby Dividends Vow Meat Funding Cloud Computing Generative AI
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