Toyota is investing heavily in climate technologies and future innovations. Japanese automobile giant, clean energy, artificial intelligence and robotics full support for early stage startups operating in their fields $300 million announced that it would invest. Here are the areas it will invest in…
Toyota invests $300 million in artificial intelligence and climate technologies
For Toyota Ventures, this investment will be made through two new funds: Toyota Ventures Climate Fund II and Toyota Ventures Frontier Fund II. Each of these funds has a budget of 150 million dollars. Toyota Ventures’ goal is to quickly bring climate technologies and business models to market.
With these new funds, they will focus specifically on scalable climate technologies to capture carbon dioxide from the atmosphere. Toyota will not only reduce the environmental impact of its vehicles, but will also lead in areas such as clean energy, battery technology innovations and long-range electric vehicles.
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Great strides will be made on various climate technology issues such as artificial intelligence, Clean energy, hydrogen solutions, carbon pollution capture, electric vehicles, energy storage and overall sustainability. Jim Adler, founder and general partner of Toyota Ventures. “Toyota wants us in the startup community to look at companies that are pursuing the same goals as us: reducing their carbon footprint and becoming carbon neutral.” says.
So, investing in these climate technologies is an important step for Toyota to achieve its carbon neutrality goals. The news that Toyota will make huge climate investments, including artificial intelligence and robotics, also attracted great attention among LinkedIn users.
a user, “A great step for our future and our planet!” while another said: “Great news for climate innovators, good luck!” he commented. So, how do you evaluate this move by Toyota? You can write your opinions in the comments section below.