Toyota Ventures invests in next-gen technology

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Crunchbase published data in January 2024 that showed the total global investment for start-ups had dropped 38% from US$462bn per year to US$285bn. This is the lowest rate for five years, and it appears that a funding boom that began during the COVID-19 epidemic has ended. Some automakers have interpreted this as a signal to proceed carefully with scaling new ventures.

Toyota is not among them. Toyota has received vindication and criticism for its support of hybrid technology over battery electric. Despite this, the automaker continues to invest in a variety of new technologies. Toyota Ventures announced a new US$300m funding round in April 2024. The company currently manages assets worth around US$800m.

Jim Adler, the Founder and General partner at Toyota Ventures explains to Automotive Word the company’s philosophy, outlines the trends which will shape the mobility industry in the next five years, and shares challenges and opportunities for start-up growth.

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