Toyota Research Institute – Advanced Development, Inc. (TRI-AD) announced today that it will create Woven Capital, L.P. (Woven Capital), an $800 Million global growth-stage investment fund, to enhance the ability to achieve its vision of “Mobility to Love, Safety to Live.” On July 28, 2020, TRI-AD announced that it will expand and strengthen its operations by forming a new holding company called Woven Planet Holdings, Inc. (Woven Planet), which will begin operations in January 2021.

Woven Capital will be part of the new Woven Planet Holdings Group, and it will support the group by investing in growth-stage companies that are developing innovative technologies and business models in areas such as autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities. In addition to sourcing deals from Toyota AI Ventures, Toyota’s early-stage venture capital fund, Woven Capital will also invest in other venture capital funds in order to broaden and accelerate its global coverage.