Toyota Puts $300 Million Into VC Funds for Climate, Science Startups
The automaker is putting more money into startups as other corporations pull back.
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Toyota Motor Corp. is putting $300 million into its venture arm to back early startups focused on climate and so-called frontier technologies in areas like carbon capture, AI and space commercialization.
The infusion increases Toyota Ventures’ total assets under management to more than $800 million, the company plans to announce Wednesday, and comes as companies worldwide have pulled back on venture activities amid a larger downturn.