Photo credit: Mioarseralyain / Wikimedia Commons

Toyota Ventures, the Japanese carmaker’s VC arm, will set aside US$300 million in total for startup investments across two global funds.

This allocation will be shared evenly between Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF II). The move brings the company’s managed assets to over US$800 million.

“With seismic breakthroughs in generative AI, e-fuels, space commercialization, carbon capture, and synthetic biology, it’s a crucial time to be investing for Toyota,” said Jim Adler, founder and general partner of Toyota Ventures.