Toyota Ventures, the venture capital arm of automotive giant Toyota, has announced the launch of the Toyota Ventures Climate Fund II (TVCF II), aimed at advancing startups that focus on climate and environmental sustainability solutions. This new fund follows the successful inaugural Toyota Ventures Climate Fund launched in 2021, which saw investments in 18 companies across renewable energy, batteries and energy storage, carbon capture, and hydrogen solutions. Led by Climate Fund partner Lisa Coca, the new fund aims to build on these successes, seeking disruptive technologies and business models that align with Toyota’s goals for climate neutrality. The announcement was made alongside the launch of the Toyota Ventures Frontier Fund II, which focuses on cutting-edge technologies like AI, robotics, and quantum computing. Jim Adler, Founder and General Partner of Toyota Ventures, emphasized the strategic expansion of their investment efforts, stating, “At a time when some investors have scaled back, we’re scaling up by doubling down on our initial Frontier and Climate Funds,” highlighting the crucial timing for investments in sectors like generative AI, e-fuels, and carbon capture.
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