REUTERS
September 11, 2020 at 08:10 JST
Toyota CEO Akio Toyoda, left, smiles as he is joined on stage by Danish architect Bjarke Ingels, CEO of Bjarke Ingels Group, after both talked about building the prototype Toyota city of the future, called the Woven City that will be a fully connected ecosystem powered by hydrogen fuel cells, before the CES tech show on Jan. 6 in Las Vegas. (AP Photo)
Toyota Motor Corp.’s research 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.
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