Toyota AI Ventures launches $100 million Fund II to invest in mobile robotics startups
Toyota AI Ventures has launched a new $100 million fund, Fund II, aimed mainly at early-stage mobile robotics startups. The firm, a subsidiary of Toyota Research Institute (TRI), has invested in 19 startups in less than two years since its founding, and Fund II will bring its total assets to more than $200 million. One of its previous investments, May Mobility, is building autonomous shuttles.