FutureFlight
Toyota Targets New Autonomous Mobility Investments
The Japanese automaker's $800 million growth-stage Woven Capital Fund could make further investments in urban air mobility.
Joby Aviation S4 prototype
In January 2020, California-based Joby Aviation received a $390 million investment in its eVTOL aircraft program from Japanese automotive group Toyota. [Photo: Joby Aviation]

Toyota Research Institute-Advanced Development, Inc. (TRI-AD) is launching an $800 million growth-stage investment fund called Woven Capital. Its investments will be focused on technology and business models in areas including autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and so-called smart cities.

Beginning in January 2021, the fund will be operated through TRI-AD’s new Woven Capital Holdings subsidiary. It will work in tandem with Toyota AI Ventures' early-stage venture capital fund, which in January 2020 was involved in the Japanese automotive group’s $394 million investment in eVTOL developer Joby Aviation.

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