Toyota invests in venture capital for a sustainable city

Toyota’s subsidiary, Woven Capital, is investing in the 2150 Climate Technology Sustainability Fund, or simply known as 2150, to help spur the development of sustainable cities.

Woven Capital, which has $ 800 million in investment funds, targets growth-stage companies in the areas of mobility, automation, artificial intelligence, data and analytics, connectivity and smart cities.

“2150 recognizes that a radical overhaul of the urban environment is necessary to fuel a strong economic and environmental future,” Michiko Kato, director of Woven Capital, said in a statement. “The technologies they have already supported have the potential to mitigate over 1.6 gigatonnes of CO2 emissions. “

Nicole LeBlanc, Partner at 2150, said: “As the United Nations has said, the battle against climate change will be won or lost in our cities.

Strong support for 2150

“Woven Capital’s investment will help us address critical sustainability challenges in the built environment. We are actively working with entrepreneurs who deliver pioneering solutions that will help us all rethink and reshape urban communities to ensure an environmentally friendly future, ”added LeBlanc.

Besides Toyota, the latest fundraising in 2150 also attracted investment from Norwegian sovereign climate investment firm Nysnø, Credit Suisse’s Climate Innovation Fund and BMW. The latest investors have joined Chr. Augustinus Fabrikker, Green Future Fund and Novo Holdings, all based in Denmark.

Established in February this year with offices in Copenhagen, Berlin and London, the latest round of capital raised € 2,150 million in funds (€ 310 million), above its initial target of € 200 million. euros, he said in a separate statement.

Invest in Europe, North America and Asia

Currently, 2150 is investing in five companies: CarbonCure from Canada, which aims to reduce carbon embedded in concrete, Nodes & Links from the UK, which deploys advanced algorithms to help managers of complex infrastructure projects, Normative from Sweden , which helps companies measure their carbon emissions, US Aeroseal which reduces leaks and energy consumption in buildings with better sealing technology, and Hong Kong’s Ampd Energy which uses battery-powered energy to reduce the use of diesel generators on construction sites.

Read more: Net zero emissions by 2050 require $ 4 billion in annual investment, says IEA

Ready to start?

Download

Capital Com is an execution-only service provider. The material provided on this website is for informational purposes only and should not be construed as investment advice. Any opinion that may be provided on this page does not constitute a recommendation of Capital Com or its agents. We make no representations or warranties about the accuracy or completeness of the information provided on this page. If you rely on the information on this page, you do so entirely at your own risk.

Source link

About Dwaine Pinson

Check Also

Unicorn madness unleashed by VC Godzillas can’t end well

Have you ever flown with Air Canada, a company that concluded 2020 with sales of …

Leave a Reply

Your email address will not be published. Required fields are marked *