Toyota Motor Corporation has launched Toyota Invention Partners (TIP) with a $670m investment. TIP will focus on nurturing ties with Japanese start-ups and innovators, offering access to Toyota’s resources. Woven Capital also unveiled Fund II, an $800m fund targeting climate tech, energy, and AI companies.

Toyota transferred Woven Capital ownership to Toyota, enhancing strategic partnerships. The move signals a commitment to global innovation in mobility. Toyota’s e-Palette electric vehicle sale aims to cater to diverse mobility services. Woven Capital director George Kellerman expressed excitement over Fund II’s potential impact on advancing mobility solutions.

Read more at Yahoo Finance: Toyota forms new investment subsidiary to boost mobility ventures