Toyota's research institute announced an $800 million fund to invest in startups working on autonomous vehicles, AI, automation, machine learning, data, and analytics. The Woven Capital investment fund will work alongside the carmaker's early-stage venture capital fund, Toyota AI Ventures, to pursue the company's broader mobility goals.
- These include better driverless cars, robotics that can support people with mobility limitations, and general “mobility for all" initiatives.
- Earlier this year, Toyota announced its holding company Woven, focused on advanced projects, and Woven City, a prototype "city of the future."
- Last year, Toyota said it would roll out advanced self-driving features in commercial vehicles before personal vehicles.