Toyota to invest $100 million in self-driving and robotic technology start-ups

Toyota Motor plans to invest $100 million in early-stage start-ups developing disruptive technologies.The fund is part of Toyota's mission to help "discover what's next" for the Japan-based automaker.is creating a $100 million venture fund to invest in autonomous driving and robotic technology start-ups as automakers increasingly push into the self-driving market, the company announced Thursday.

"Auto manufacturers must participate in the startup ecosystem to stay ahead of the rapid shift in the auto industry," Jim Adler, managing director of Toyota AI Ventures, said in a statement. "The growing interest in automated systems has created great opportunities to improve human lives using AI and next-generation mobility technology," Dr. Gill Pratt, chief executive officer at the Toyota Research Institute, said in a statement. Pratt added the fund will help "bridge the gap" between automakers and technology startups focused on autonomous transportation.

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