Toyota AI Ventures (TAIV): $ 100 Million Second Fund-ride-Hailing, Micro Mobility
New York
May 20, 2019
On May 2, Toyota AI Ventures (TAIV) launched a new $ 100 million second fund.
The goal is to invest in start-up companies developing innovative technologies in new areas such as autonomous driving and robotics, and new business models.
TAIV:
In July 2017, TRI, the Toyota Advanced Technology Research Institute, established Corporate Venture Capital (CVC).
No. 1 fund: (Refer to table for major investment destinations)
Automation in the field of mobility
Development start-up companies such as life support robots
We have invested in 19 companies.
Second Fund:
In addition to the traditional portfolio,
Ride Hailing (pickup service)
Micro-mobility (very small moving means), etc.,
Also consider the possibility of investment (Tech Church May 3).
TAIV Managing Director: Jim Adler
It aims to collaborate with entrepreneurs in which it invests, based on a common vision.
It is important to build a continuous relationship.
The establishment of the second fund is a manifestation of a long-term commitment to support entrepreneurs.
-JETRO
https://www.jetro.go.jp/biznews/2019/05/43e61f0956958b07.html