Toyoda Gosei’s investment in IMUZAK will give it access to that company’s proprietary findings in the field of optics for the creation of new value as it develops exterior products that are transparent to infrared light using LIDAR and interior products that use light in equipment operation as part of autonomous driving technology.

This investment is the first to be made by Toyoda Gosei’s newly established Corporate Venture Capital Dept., started in January 2019 as a dedicated organization for corporate venture capital.

The amount of the investment is 50 million yen, which will give Toyoda Gosei an equity stake of 19.1% in IMUZAK.