The fund called Woven Capital will invest in companies in areas such as autonomous mobility and smart cities
R&D is the research arm of Toyota Motor Corp. Which announced last Thursday that it would create a global investment fund of 800 million dollars.
Earlier this year, the Japanese automaker unveiled a plan to build a prototype “city of the future” called Woven city at the base of Mount Fuji in Japan, which runs on hydrogen fuel cells and functions as a laboratory for autonomous cars.
The fund called Woven Capital will invest in companies in areas such as autonomous mobility and smart cities, Toyota said Research Institute-Advanced Development it’s a statement.
“With diverse projects like Arene, the automated mapping platform and Woven City, Woven Planet Holdings Group has set ambitious goals for itself, and we will need a variety of partners and technologies to achieve those goals,” he said in a release James Kuffner, CEO of TRI-AD.
The master plan for the city includes three sectors for the investigation of such technologies: fast vehicles, low speed mix, personal mobility and pedestrians and a park-like walkway for pedestrians.
TRI-AD’s current mission includes paving the way for a mobility society that focuses on helping people and the entire planet. The organizational change that TRI-AD will experience is an opportunity to accelerate such efforts and with the new name embraces the strong passion expressed by Akio Toyoda.
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