Toyota subsidiary Accelerate investment in cutting-edge technologies such as autonomous driving September 10 19:36
Toyota Motor Corporation's subsidiary that develops software such as autonomous driving decided to create a fund to invest in start-up companies with the latest technology and strengthen the next-generation town development business not only in the automotive field ..
Toyota Motor Corporation's subsidiary "TRI-AD" was founded by Toyota in collaboration with the group's parts manufacturers, and is responsible for software development for autonomous driving technology.
According to the announcement, "TRI-AD" will create a fund of 800 million dollars and JPY 85 billion in Japanese yen to collaborate with startups with high technological capabilities in January next year.
In addition to companies that develop autonomous driving and AI = artificial intelligence, as well as companies involved in urban development that makes full use of digital technology, we plan to invest in around 20 to 35 companies, including businesses in fields other than automobiles. I'm going to accelerate.
"TRI-AD" is a plan to reorganize in January next year and to broadly work on the next-generation town development field, such as a futuristic city that Toyota has named "WovenCity" and is developing in Shizuoka prefecture.
Toyota hopes to increase its presence in this field, where IT companies are in intense development competition, by collaborating with other companies through this fund.