Toyota Ventures

Toyota Ventures, founded in 2017 and based in the San Francisco Bay Area, serves as the corporate venture capital arm of Toyota Motor. The firm focuses on investing in early-stage startups worldwide that are developing disruptive technologies and innovative business models. With over $500 million in assets under management, Toyota Ventures aims to identify and support advancements in sectors such as artificial intelligence, autonomy, mobility, robotics, cloud technology, climate tech, renewable energy, smart cities, digital health, fintech, and materials. The company operates two primary funds: the Toyota Ventures Frontier Fund, which targets a broad range of technological advancements, and the Toyota Ventures Climate Fund, dedicated to solutions that promote carbon neutrality.

Chris Abshire

Senior Associate

Jim Adler

Founding Managing Director

Lisa Coca

Partner, Climate. Fund

Erin Keller

Senior Associate

Ethan Sohn

Principal, Climate Fund

Past deals in GreenTech

Agtonomy

Series A in 2024
Agtonomy is a platform that combines hybrid autonomy and tele-assistance to provide advanced AI solutions for the agricultural sector. The company addresses significant challenges faced by farmers, including labor shortages, sustainability issues, and decreasing profit margins. By collaborating with established equipment manufacturers, Agtonomy converts traditional tractors and agricultural machinery into autonomous and remote-controlled systems. This transformation allows local farmers to enhance their operational efficiency and adaptability while managing limited budgets and seasonal pressures. Through its innovative approach, Agtonomy aims to empower farmers and improve agricultural productivity.

BurnBot

Series A in 2024
BurnBot is a provider of fuel treatment services aimed at preventing destructive wildfires and enhancing vegetation management. The company utilizes advanced forestry and fire technology to offer systematic wildfire mitigation solutions. Its services include safe smoke containment and a modular system designed to create precise burn areas near homes and other valuable assets. By employing high-temperature ignition methods, BurnBot helps protect communities from the threats posed by wildfires while improving firebreaks and defensible spaces that safeguard infrastructure and natural resources.

Orbital Materials

Series A in 2024
Orbital Materials is a company focused on developing and commercializing advanced technologies aimed at environmental sustainability and industrial innovation. The firm specializes in creating an artificial intelligence foundation model that enhances material discovery for various applications, including sustainable fuels, carbon capture, and environmentally friendly chemical removal. By leveraging generative AI and machine learning, Orbital Materials provides a platform that allows clients to explore options such as earth-free batteries, semiconductors, and green fertilizers. Their foundational technology has the potential to impact significant sectors of the global economy by facilitating the development of new materials and processes that promote a sustainable future.

Zymochem

Series A in 2024
ZymoChem, Inc. is a biotechnology company based in Emeryville, California, founded in 2013. It specializes in the development of eco-friendly chemicals and bioprocesses using engineered microbes to convert renewable feedstocks, such as sugars, into industrial chemicals. The company’s bio-manufacturing platform aims to produce bio-based materials while minimizing carbon emissions during production, thereby supporting a carbon-efficient economy. By establishing cost-effective bioprocesses and novel biosynthetic pathways, ZymoChem enables clients to reduce production costs and enhance their competitiveness in the market. Through its innovative approach, the company contributes to sustainable manufacturing practices and the advancement of a real-zero economy.

Agtonomy

Series A in 2023
Agtonomy is a platform that combines hybrid autonomy and tele-assistance to provide advanced AI solutions for the agricultural sector. The company addresses significant challenges faced by farmers, including labor shortages, sustainability issues, and decreasing profit margins. By collaborating with established equipment manufacturers, Agtonomy converts traditional tractors and agricultural machinery into autonomous and remote-controlled systems. This transformation allows local farmers to enhance their operational efficiency and adaptability while managing limited budgets and seasonal pressures. Through its innovative approach, Agtonomy aims to empower farmers and improve agricultural productivity.

AM Batteries

Series B in 2023
AM Batteries manufactures Li-ion batteries using solvent-free electrode manufacturing technology. The company was founded in 2016 and is headquartered in Chelmsford, Massachusetts.

Yard Stick

Series A in 2023
Yard Stick specializes in measuring soil carbon to support climate-friendly agricultural practices. By addressing significant measurement challenges, the company has developed an innovative handheld device that evaluates carbon stocks and changes in real-time using VisNIR spectrometry. This technology allows for accurate detection of organic carbon levels, significantly reducing the cost of soil carbon measurement by over 90%. As a result, Yard Stick aims to enhance the adoption of evidence-based regenerative practices, which can improve soil health, increase farmers' income, and contribute to combating climate change. Through its advancements, Yard Stick seeks to create opportunities for both scientists and farmers to effectively manage soil carbon, thus facilitating a more sustainable agricultural future.

Nori

Venture Round in 2023
Nori Inc. is a Seattle-based company that operates a blockchain-based marketplace focused on carbon dioxide removal. Founded in 2017, Nori's platform enables farmers to remove excess carbon dioxide from the atmosphere by facilitating third-party payments and contracts. It integrates the processes of measurement, verification, and the sale of carbon removal certificates, allowing suppliers to connect directly with buyers. This approach aims to improve efficiency and reduce costs within the voluntary carbon removal market. Additionally, Nori's blockchain application offers cryptocurrency tokens for exchanging carbon removal certificates, enhancing the transparency and security of transactions on its platform.

Living Carbon

Series A in 2023
Living Carbon is a biotechnology company founded in 2019 and based in San Francisco, California. The company aims to combat climate change by developing genetically engineered trees that enhance carbon dioxide capture and storage. By leveraging advanced biotechnology, Living Carbon focuses on improving photosynthesis, inhibiting photorespiration, and increasing growth rates while reducing the time required for trees to mature. In addition to its carbon capture initiatives, the company produces durable wood suitable for building and manufacturing applications. Living Carbon operates as a public benefit corporation, committed to restoring balance to the planet's metabolic processes through innovative solutions that harness the natural capabilities of plants.

Agtonomy

Seed Round in 2022
Agtonomy is a platform that combines hybrid autonomy and tele-assistance to provide advanced AI solutions for the agricultural sector. The company addresses significant challenges faced by farmers, including labor shortages, sustainability issues, and decreasing profit margins. By collaborating with established equipment manufacturers, Agtonomy converts traditional tractors and agricultural machinery into autonomous and remote-controlled systems. This transformation allows local farmers to enhance their operational efficiency and adaptability while managing limited budgets and seasonal pressures. Through its innovative approach, Agtonomy aims to empower farmers and improve agricultural productivity.

Ecolectro

Seed Round in 2022
Ecolectro focuses on producing scalable and cost-effective green hydrogen energy solutions. The company develops advanced electrolyzers that utilize patented polymers to create durable and high-performance stacks. Their technology features exceptional membranes and electrodes, enabling the efficient production of pure hydrogen without relying on costly materials such as platinum, iridium, and titanium. Ecolectro's innovative approach aims to enhance the viability of hydrogen as an environmentally friendly energy source, reducing capital costs while potentially extending the lifespan of hydrogen technologies. The company's commitment to research and development allows it to continually push the boundaries of electrolysis technology, making green hydrogen more accessible for various industries.

Nori

Series A in 2022
Nori Inc. is a Seattle-based company that operates a blockchain-based marketplace focused on carbon dioxide removal. Founded in 2017, Nori's platform enables farmers to remove excess carbon dioxide from the atmosphere by facilitating third-party payments and contracts. It integrates the processes of measurement, verification, and the sale of carbon removal certificates, allowing suppliers to connect directly with buyers. This approach aims to improve efficiency and reduce costs within the voluntary carbon removal market. Additionally, Nori's blockchain application offers cryptocurrency tokens for exchanging carbon removal certificates, enhancing the transparency and security of transactions on its platform.

Agtonomy

Seed Round in 2022
Agtonomy is a platform that combines hybrid autonomy and tele-assistance to provide advanced AI solutions for the agricultural sector. The company addresses significant challenges faced by farmers, including labor shortages, sustainability issues, and decreasing profit margins. By collaborating with established equipment manufacturers, Agtonomy converts traditional tractors and agricultural machinery into autonomous and remote-controlled systems. This transformation allows local farmers to enhance their operational efficiency and adaptability while managing limited budgets and seasonal pressures. Through its innovative approach, Agtonomy aims to empower farmers and improve agricultural productivity.

Ion Storage Systems

Series A in 2022
ION Storage Systems, LLC specializes in the manufacture of solid-state lithium-ion batteries, targeting industries such as defense, aerospace, consumer electronics, and electric vehicles. Established in 2015 and based in College Park, Maryland, the company focuses on developing batteries that are energy dense and safe for diverse applications. Their innovative solid-state battery technology features a design consisting of two sponges on either side of a thin ceramic separator, utilizing low-cost, non-flammable materials. This approach not only enhances safety but also ensures the batteries are lightweight and compact, making them suitable for various environments and mission-critical needs.

Universal Hydrogen

Series B in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem tailored for the aviation industry. Founded in 2020 and based in Hawthorne, California, the company develops innovative technologies for hydrogen distribution and propulsion. It manufactures capsule modules designed to safely store hydrogen during transit, which also function as modular fuel tanks that can be directly loaded onto aircraft. Universal Hydrogen provides an end-to-end hydrogen value chain, facilitating the transport of hydrogen from production facilities to airports using existing freight infrastructure. This approach eliminates the need for expensive new pipelines and storage facilities, supporting the transition to carbon-free flight and helping to mitigate the climate impact of air travel. Through strategic partnerships and dedicated logistics, Universal Hydrogen aims to make hydrogen-powered aviation a practical reality.

Universal Hydrogen

Series A in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem tailored for the aviation industry. Founded in 2020 and based in Hawthorne, California, the company develops innovative technologies for hydrogen distribution and propulsion. It manufactures capsule modules designed to safely store hydrogen during transit, which also function as modular fuel tanks that can be directly loaded onto aircraft. Universal Hydrogen provides an end-to-end hydrogen value chain, facilitating the transport of hydrogen from production facilities to airports using existing freight infrastructure. This approach eliminates the need for expensive new pipelines and storage facilities, supporting the transition to carbon-free flight and helping to mitigate the climate impact of air travel. Through strategic partnerships and dedicated logistics, Universal Hydrogen aims to make hydrogen-powered aviation a practical reality.
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