De onderzoekstak van Toyota zegt een investeringsfonds van $ 800 miljoen op te richten – Reuters UK

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FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su

TOKYO (Reuters) – Toyota Motor Corp’s7203.Tresearch arm said on Thursday that it would create an $800 million global investment fund.

The fund called Woven Capital is to invest in companies in areas including autonomous mobility and smart cities, Toyota Research Institute-Advanced Development said in a statement.

Earlier this year, the Japanese automaker unveiled a plan to build a prototype “city of the future” called Woven City at the base of Japan’s Mount Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars.

Reporting by Ju-min Park; Editing by Christian Schmollinger

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