, the technology investment arm of global automotive and manufacturing company Toyota. US and Asia-based deep tech venture firm Creative Ventures also joins Relectrify as a new investor. Relectrify’s existing shareholders — which include Australia’s Clean Energy Finance Corporation, Energy Innovation Capital, and the venture arms of South Korean industrial company GS and European power company EDP — further increased their investment in Relectrify’s technology.
Toyota Ventures is Toyota’s first standalone early-stage venture capital firm. Through the Toyota Ventures Climate Fund, the firm invests in early stage cleantech disruptors like Relectrify. Toyota Ventures also invests in artificial intelligence, autonomy, mobility, robotics, cloud technology, smart cities, digital health, fintech, and materials via the Toyota Ventures Frontier Fund.