Toyota Ventures

Toyota Ventures is a San Francisco Bay Area-based venture capital firm founded in 2017. It invests globally in early-stage startups focusing on disruptive technologies and business models, with a mission to drive innovation for Toyota. The firm manages over $500 million across funds like the Frontier Fund (AI, cloud computing, autonomy, mobility, robotics, smart cities, digital health, fintech, materials, energy) and the Climate Fund (innovative carbon neutrality solutions).
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Chris Abshire

Senior Associate

Jim Adler

Managing Director

Erin Keller

Associate

Nihal Maunder

Analyst

Ethan Sohn

Principal, Climate Fund

David Sokolic

Partner

Past deals in Transportation

Starfish Space

Series A in 2024
Founded in 2019, Starfish Space develops autonomous space tugs for on-demand satellite servicing. Its innovative technology combines orbital mechanics, AI-driven machine vision, and low-thrust electric propulsion to enable precise navigation, docking, and maintenance of satellites across various orbits.

Pickle Robot Company

Series B in 2024
Founded in 2018 and based in Cambridge, Massachusetts, Pickle Robot Company develops collaborative robots for automating tasks along the e-commerce supply chain. Their first robot, Dill, works multiple shifts, communicates with human collaborators, and handles various parcel-related tasks such as loading/unloading trucks, palletizing/depalletizing, and preloading delivery vehicles.

River

Series B in 2024
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

May Mobility

Series D in 2023
May Mobility, Inc. is an autonomous vehicle company based in Ann Arbor, Michigan, founded in 2017. The company specializes in developing and deploying autonomous vehicle technology to enhance public transportation systems. May Mobility operates a fleet of six-passenger electric shuttles that navigate through traffic using mapped and closed-loop routes. By analyzing city traffic and commuter patterns, the company identifies bottlenecks and optimizes transit routes for various communities. Its services aim to reduce human error in driving, lower pollution levels, and provide economic benefits to both communities and riders. Through its innovative approach, May Mobility seeks to create a safer, greener, and more efficient transportation environment.

Boxbot

Series A in 2023
Boxbot develops parcel logistics automation that uses robotics and automated systems to streamline last-mile delivery. The company provides a modular platform that stores, sorts, and sequences packages of varying sizes within warehouses, using robotic conveyors capable of three-dimensional handling and automated buffering storage and retrieval. The solution is designed to increase throughput while reducing physical footprint, enabling denser routing and more intelligent package handling. By addressing core operational challenges in delivery networks, Boxbot aims to lower logistics costs and speed up deliveries for suppliers and consumers. The company is headquartered in Alameda, California.

River

Series B in 2023
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

Starfish Space

Series A in 2023
Founded in 2019, Starfish Space develops autonomous space tugs for on-demand satellite servicing. Its innovative technology combines orbital mechanics, AI-driven machine vision, and low-thrust electric propulsion to enable precise navigation, docking, and maintenance of satellites across various orbits.

Pickle Robot Company

Series A in 2022
Founded in 2018 and based in Cambridge, Massachusetts, Pickle Robot Company develops collaborative robots for automating tasks along the e-commerce supply chain. Their first robot, Dill, works multiple shifts, communicates with human collaborators, and handles various parcel-related tasks such as loading/unloading trucks, palletizing/depalletizing, and preloading delivery vehicles.

Xona Space Systems

Venture Round in 2022
Xona Space Systems develops and manufactures position, navigation, and timing satellite solutions for smart transportation and infrastructure. The company operates a constellation of low-cost, low-Earth-orbit satellites to deliver secure navigation and timing services with resilience and high location precision for autonomous vehicles, unmanned aerial vehicles, mobile robotics, and other location-critical applications. Founded in 2019 and based in San Mateo, California, Xona Space Systems aims to enable safe, scalable operation of intelligent systems at scale.

River

Series A in 2022
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

Kolors

Series A in 2022
Kolors is a technology company that specializes in enhancing intercity bus transportation through an AI-enabled smart bus platform. The platform leverages artificial intelligence and data analytics to deliver a range of services, including route optimization, virtual stops, scheduling, and dynamic pricing. Additionally, it incorporates digital payment solutions and GPS tracking, alongside CCTV for security enhancements, which together facilitate a more efficient and safer travel experience. By providing these innovative tools, Kolors aims to support small and medium bus operators in improving their operational efficiency and revenue generation, while also enhancing the overall experience for passengers.

Revel

Series B in 2022
Revel is a company dedicated to accelerating electric vehicle (EV) adoption in urban areas through its all-electric rideshare service and network of fast-charging stations. The company operates a fleet of easily recognizable blue electric vehicles, providing a cleaner, safer, and more affordable rideshare experience. Revel places a strong emphasis on safety and cleanliness, utilizing vetted drivers and regularly detailed cars to ensure high service standards. Additionally, Revel offers electric mopeds that can be booked through a mobile application, allowing users to locate the nearest moped and start their ride conveniently. This combination of rideshare services and charging infrastructure positions Revel as a key player in promoting sustainable transportation solutions.

May Mobility

Series C in 2022
May Mobility, Inc. is an autonomous vehicle company based in Ann Arbor, Michigan, founded in 2017. The company specializes in developing and deploying autonomous vehicle technology to enhance public transportation systems. May Mobility operates a fleet of six-passenger electric shuttles that navigate through traffic using mapped and closed-loop routes. By analyzing city traffic and commuter patterns, the company identifies bottlenecks and optimizes transit routes for various communities. Its services aim to reduce human error in driving, lower pollution levels, and provide economic benefits to both communities and riders. Through its innovative approach, May Mobility seeks to create a safer, greener, and more efficient transportation environment.

Universal Hydrogen

Series B in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem. Founded in 2020 and based in Hawthorne, California, the company manufactures capsule modules designed to safely transport and store hydrogen, which also function as modular fuel tanks that can be directly loaded onto aircraft. By establishing strategic partnerships and developing innovative technologies, Universal Hydrogen aims to deliver an end-to-end hydrogen value chain for aviation, encompassing both hydrogen fuel and hydrogen-powered aircraft. The company also provides a transport and logistics network that utilizes existing freight infrastructure to move hydrogen from production facilities to airports, thereby circumventing the need for expensive new pipelines and storage facilities. This approach supports the transition to carbon-free flight and aims to mitigate the environmental impact of air travel.

Burro

Series A in 2021
Burro is a mobile application for Android and iOS devices that offers delivery and on-demand moving services to its users. The application enables its users to request pickups by filling up their personal information and items required. The platform offers its services to individuals and businesses. Its delivery portfolio consists of household goods, carpets, wood, and retail store items. Burro was launched in 2014 by Jason Ervin and Ethan Hurtado and is based in Texas.

Xona Space Systems

Seed Round in 2021
Xona Space Systems develops and manufactures position, navigation, and timing satellite solutions for smart transportation and infrastructure. The company operates a constellation of low-cost, low-Earth-orbit satellites to deliver secure navigation and timing services with resilience and high location precision for autonomous vehicles, unmanned aerial vehicles, mobile robotics, and other location-critical applications. Founded in 2019 and based in San Mateo, California, Xona Space Systems aims to enable safe, scalable operation of intelligent systems at scale.

Universal Hydrogen

Series A in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem. Founded in 2020 and based in Hawthorne, California, the company manufactures capsule modules designed to safely transport and store hydrogen, which also function as modular fuel tanks that can be directly loaded onto aircraft. By establishing strategic partnerships and developing innovative technologies, Universal Hydrogen aims to deliver an end-to-end hydrogen value chain for aviation, encompassing both hydrogen fuel and hydrogen-powered aircraft. The company also provides a transport and logistics network that utilizes existing freight infrastructure to move hydrogen from production facilities to airports, thereby circumventing the need for expensive new pipelines and storage facilities. This approach supports the transition to carbon-free flight and aims to mitigate the environmental impact of air travel.

Pickle Robot Company

Seed Round in 2021
Founded in 2018 and based in Cambridge, Massachusetts, Pickle Robot Company develops collaborative robots for automating tasks along the e-commerce supply chain. Their first robot, Dill, works multiple shifts, communicates with human collaborators, and handles various parcel-related tasks such as loading/unloading trucks, palletizing/depalletizing, and preloading delivery vehicles.

Bipi

Series B in 2020
Bipi is a Madrid-based startup founded in 2017 by Hans Christ and Alejandro Vigaray. It offers consumers a flexible car subscription service as an alternative to traditional ownership. Through its digital platform, users can book, subscribe, swap, or cancel their subscriptions to new and used cars at any time, with a single, all-inclusive monthly payment covering the vehicle, insurance, maintenance, and roadside assistance. This model provides customers with convenient access to cars without the long-term commitment of ownership.

Joby Aviation

Series C in 2020
Founded in 2009, Joby Aviation is a pioneering electric mobility company based in Santa Cruz, California. The company specializes in developing fully electric vertical take-off and landing passenger aircraft optimized for air-transportation-as-a-service. Its flagship vehicle is a 5-seat aircraft designed to reduce urban congestion and accelerate the shift to sustainable modes of transit.

Revel

Series A in 2019
Revel is a company dedicated to accelerating electric vehicle (EV) adoption in urban areas through its all-electric rideshare service and network of fast-charging stations. The company operates a fleet of easily recognizable blue electric vehicles, providing a cleaner, safer, and more affordable rideshare experience. Revel places a strong emphasis on safety and cleanliness, utilizing vetted drivers and regularly detailed cars to ensure high service standards. Additionally, Revel offers electric mopeds that can be booked through a mobile application, allowing users to locate the nearest moped and start their ride conveniently. This combination of rideshare services and charging infrastructure positions Revel as a key player in promoting sustainable transportation solutions.

Skip Scooters

Series A in 2019
Skip Scooters operates shared electric scooters for reliable last-mile transportation. The company works with cities to ensure our fleets are operated with the support of the surrounding communities, and they stand behind their riders by providing vehicles, safety education, and training, and world-class support. The scooter rental company is based in San Francisco, California. It is formerly known by its Y Combinator codename, Waybots.

Connected Signals

Venture Round in 2019
Connected Signals, Inc. is a technology company based in Eugene, Oregon, focused on enhancing the interaction between vehicles and traffic signals through its cloud-based platform. Established in 2013, the company specializes in Transit Signal Priority (TSP) systems that optimize traffic flow for buses, emergency vehicles, and pedestrians by adjusting traffic signal timings to reduce travel times. Their flagship application, EnLighten, provides drivers with real-time information about traffic light changes, improving safety and driving experience by minimizing distractions. Connected Signals leverages existing traffic signal infrastructure to gather and analyze data, allowing for predictive modeling of signal states without necessitating costly hardware upgrades. The company's innovative approach aims to increase driving safety, enhance fuel efficiency, and alleviate driver stress by providing consistent and actionable traffic signal data to municipalities, automakers, and local traffic agencies.

May Mobility

Series A in 2019
May Mobility, Inc. is an autonomous vehicle company based in Ann Arbor, Michigan, founded in 2017. The company specializes in developing and deploying autonomous vehicle technology to enhance public transportation systems. May Mobility operates a fleet of six-passenger electric shuttles that navigate through traffic using mapped and closed-loop routes. By analyzing city traffic and commuter patterns, the company identifies bottlenecks and optimizes transit routes for various communities. Its services aim to reduce human error in driving, lower pollution levels, and provide economic benefits to both communities and riders. Through its innovative approach, May Mobility seeks to create a safer, greener, and more efficient transportation environment.

Boxbot

Seed Round in 2018
Boxbot develops parcel logistics automation that uses robotics and automated systems to streamline last-mile delivery. The company provides a modular platform that stores, sorts, and sequences packages of varying sizes within warehouses, using robotic conveyors capable of three-dimensional handling and automated buffering storage and retrieval. The solution is designed to increase throughput while reducing physical footprint, enabling denser routing and more intelligent package handling. By addressing core operational challenges in delivery networks, Boxbot aims to lower logistics costs and speed up deliveries for suppliers and consumers. The company is headquartered in Alameda, California.

May Mobility

Seed Round in 2018
May Mobility, Inc. is an autonomous vehicle company based in Ann Arbor, Michigan, founded in 2017. The company specializes in developing and deploying autonomous vehicle technology to enhance public transportation systems. May Mobility operates a fleet of six-passenger electric shuttles that navigate through traffic using mapped and closed-loop routes. By analyzing city traffic and commuter patterns, the company identifies bottlenecks and optimizes transit routes for various communities. Its services aim to reduce human error in driving, lower pollution levels, and provide economic benefits to both communities and riders. Through its innovative approach, May Mobility seeks to create a safer, greener, and more efficient transportation environment.

Joby Aviation

Series B in 2018
Founded in 2009, Joby Aviation is a pioneering electric mobility company based in Santa Cruz, California. The company specializes in developing fully electric vertical take-off and landing passenger aircraft optimized for air-transportation-as-a-service. Its flagship vehicle is a 5-seat aircraft designed to reduce urban congestion and accelerate the shift to sustainable modes of transit.

Nauto

Series B in 2017
Nauto is an AI technology company that improves commercial fleet safety through its intelligent driver safety system. This system assesses driver behavior to reduce distracted driving and prevent collisions, enabling real-time feedback and analysis for fleet managers. Nauto's platform also powers the development of autonomous vehicle technology.

Nauto

Series A in 2016
Nauto is an AI technology company that improves commercial fleet safety through its intelligent driver safety system. This system assesses driver behavior to reduce distracted driving and prevent collisions, enabling real-time feedback and analysis for fleet managers. Nauto's platform also powers the development of autonomous vehicle technology.

Proterra

Series A in 2011
Proterra Inc. is a manufacturer of zero-emission electric buses, primarily focused on providing sustainable transportation solutions for public and commercial transit. Founded in 2004 and headquartered in Burlingame, California, with additional offices in Greenville, South Carolina, and City of Industry, California, Proterra designs its products, including 35-foot and 40-foot electric buses, to meet the diverse needs of urban and regional transit routes. The company's Catalyst platform is noted for its modularity, allowing it to adapt to various operational demands while delivering high energy efficiency. Proterra also offers a broad range of services, including vehicle electrification solutions, fleet planning, charging infrastructure, and comprehensive vehicle maintenance programs. By facilitating the transition away from fossil fuels, Proterra aims to enhance environmental quality and reduce operational costs for fleet operators, contributing to significant reductions in greenhouse gas emissions.
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