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Toyota Ventures company logo
Corporate Venture
toyota.ventures

Investments

97

Portfolio Exits

4

Funds

5

Partners & Customers

2

Service Providers

1

About Toyota Ventures

Toyota Ventures is a venture capital subsidiary of the Toyota Research Institute (TRI). The firm invests in entrepreneurs from around the world who share TRI's commitment to improving the quality of human life through artificial intelligence, with a focus on autonomous mobility, robotics, data, and cloud.

Headquarters Location

4440 El Camino Real

Los Altos, California, 94022,

United States

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Research containing Toyota Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Toyota Ventures in 1 CB Insights research brief, most recently on Jan 25, 2023.

Latest Toyota Ventures News

River Raises $40 Million in Series B Funding, Led by Yamaha

Feb 12, 2024

by Published on: February 8, 2024 Bengaluru-based electric scooter startup, River, has successfully closed an oversubscribed Series B funding round, securing $40 million in investment. Leading the round is Yamaha Motor Co., Ltd., a renowned name in the automotive industry. The funding also saw participation from existing investors including Al-Futtaim Group, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility. River gained attention with its innovative multi-utility electric scooters and introduced its first product, the Indie, dubbed as the SUV of scooters, in October 2023. Designed and developed entirely at River’s R&D facility in Bengaluru and manufactured in the River Factory at Hoskote, the Indie received a warm reception. The company marked its retail debut with the opening of the first River store in Bangalore in January 2024. “We are impressed by the remarkable progress achieved by River within a short timeframe, particularly its emphasis on design and technology,” stated Hajime “Jim” Aota, Chief General Manager of New Business Development Centre at Yamaha Motor Co., Ltd. “We are excited about supporting River’s vision and believe in its potential for future growth.” With the latest Series B round, River has now raised a cumulative total of $68 million since its inception in March 2021. This influx of capital will fuel the company’s expansion plans, particularly in scaling its distribution and service network nationwide and bolstering its R&D efforts for upcoming product lines. River’s investors represent a diverse array of global entities, with the company being the first Indian investment for many. Notable investors include Tel Aviv-based Maniv Mobility, San Francisco-based Trucks VC, Lowercarbon Capital, Toyota Ventures, and Dubai-based conglomerate Al-Futtaim Automotive. Aravind Mani, Co-founder and CEO of River, expressed enthusiasm about the investment, stating, “This funding marks a significant milestone in our journey towards establishing River as a billion-dollar global utility-lifestyle brand by 2030. Having laid a strong foundation in R&D and manufacturing over the past two years, we are now poised for rapid growth.” Echoing Mani’s sentiments, Vipin George, Co-founder and Chief Product Officer at River, emphasized the potential of the collaboration with Yamaha. “Yamaha’s investment in River signifies a remarkable alignment of vision and values,” George said. “As someone who learned to ride on a Yamaha motorcycle, I am personally thrilled by this partnership and the possibilities it holds for advancing our design and technology capabilities.” River’s innovative approach to electric mobility, coupled with strategic partnerships and investor confidence, positions the company for continued success and expansion in the burgeoning electric scooter market. Related Stories

Toyota Ventures Investments

97 Investments

Toyota Ventures has made 97 investments. Their latest investment was in River as part of their Series B on February 06, 2024.

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Toyota Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/6/2024

Series B

River

$40M

No

3

1/3/2024

Series A

Agorus

$20M

No

1

12/27/2023

Series B

Burro

$24M

No

3

12/19/2023

Series A

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$99M

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10

12/8/2023

Series A

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$99M

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10

Date

2/6/2024

1/3/2024

12/27/2023

12/19/2023

12/8/2023

Round

Series B

Series A

Series B

Series A

Series A

Company

River

Agorus

Burro

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Amount

$40M

$20M

$24M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

3

1

3

10

10

Toyota Ventures Portfolio Exits

4 Portfolio Exits

Toyota Ventures has 4 portfolio exits. Their latest portfolio exit was Ziva Dynamics on January 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/24/2022

Acquired

$99M

8

8/11/2021

Reverse Merger

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$99M

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10

7/27/2021

Acquired

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$99M

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10

5/23/2019

Acquired

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$99M

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10

Date

1/24/2022

8/11/2021

7/27/2021

5/23/2019

Exit

Acquired

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

10

Toyota Ventures Fund History

5 Fund Histories

Toyota Ventures has 5 funds, including Toyota AI Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/2/2019

Toyota AI Ventures Fund II

Early-Stage Venture Capital

Closed

2

12/31/2017

Toyota AI Ventures Fund I

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$99M

10

7/11/2017

Toyota AI Ventures

$99M

10

Toyota Ventures Climate Fund

$99M

10

Toyota Ventures Frontier Fund

$99M

10

Closing Date

5/2/2019

12/31/2017

7/11/2017

Fund

Toyota AI Ventures Fund II

Toyota AI Ventures Fund I

Toyota AI Ventures

Toyota Ventures Climate Fund

Toyota Ventures Frontier Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Toyota Ventures Partners & Customers

2 Partners and customers

Toyota Ventures has 2 strategic partners and customers. Toyota Ventures recently partnered with Toyota Research Institute on January 1, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

1/6/2020

Partner

United States

Toyota AI Ventures Opens Smart and Connected Cities “Call for Innovation” at CES® 2020.

Toyota AI Ventures will partner with Toyota Research Institute - Advanced Development and Toyota Research Institute to identify opportunities for startups to collaborate .

1

9/4/2019

Partner

Israel

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10

Date

1/6/2020

9/4/2019

Type

Partner

Partner

Business Partner

Country

United States

Israel

News Snippet

Toyota AI Ventures Opens Smart and Connected Cities “Call for Innovation” at CES® 2020.

Toyota AI Ventures will partner with Toyota Research Institute - Advanced Development and Toyota Research Institute to identify opportunities for startups to collaborate .

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Sources

1

10

Toyota Ventures Service Providers

1 Service Provider

Toyota Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Series A - II

Other

General Counsel

Service Provider

Associated Rounds

Series A - II

Provider Type

Other

Service Type

General Counsel

Partnership data by VentureSource

Toyota Ventures Team

3 Team Members

Toyota Ventures has 3 team members, including current Founder, Managing Director, General Partner, Jim Adler.

Name

Work History

Title

Status

Jim Adler

Founder, Managing Director, General Partner

Current

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Name

Jim Adler

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Work History

Title

Founder, Managing Director, General Partner

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Status

Current

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