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Toyota Motor’s research arm said on Thursday that it would form an $800 million global investment fund.
The fund called Woven Capital is to invest in companies related to the autonomous mobility and smart cities, Toyota Research Institute-Advanced Development said.
Previously this year, the Japanese automaker revealed 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 operating as a laboratory for autonomous cars.
