Toyota Ventures

Toyota Ventures is a San Francisco Bay Area-based venture capital firm founded in 2017. It invests globally in early-stage startups focusing on disruptive technologies and business models, with a mission to drive innovation for Toyota. The firm manages over $500 million across funds like the Frontier Fund (AI, cloud computing, autonomy, mobility, robotics, smart cities, digital health, fintech, materials, energy) and the Climate Fund (innovative carbon neutrality solutions).

Chris Abshire

Senior Associate

Jim Adler

Managing Director

Lisa Coca

Partner, Climate. Fund

Erin Keller

Associate

Ethan Sohn

Principal

David Sokolic

Partner

Past deals in CleanTech

Tereform

Seed Round in 2025
Tereform is a company engaged in chemical engineering, manufacturing, and recycling, with a primary mission of facilitating textile-to-textile recycling to combat textile waste. The company employs a range of innovative technologies and processes to promote circularity within the fashion and textile industries, aiming to lessen their environmental impact. Tereform also focuses on developing deconstruction processes that transform waste materials into chemical building blocks. Utilizing earth-abundant metal catalysts and atmospheric oxygen, Tereform's core technology enables the chemical manufacturing sector to minimize its dependence on petroleum-based materials and adopt more sustainable practices.

Ecolectro

Series A in 2024
Ecolectro develops scalable, low-cost clean hydrogen energy solutions. Its patented polymer membranes enable efficient hydrogen production using electrolyzers, without the need for precious metals like platinum.

Oxylus Energy

Seed Round in 2024
Oxylus Energy develops innovative technology for converting CO2 into e-fuels. It aims to make carbon capture competitive, scalable, and circular, contributing to a decarbonized future.

Renewabl

Seed Round in 2024
Renewabl is a technology company specializing in renewable energy procurement. It offers a platform that enables businesses to achieve their sustainability goals by matching their energy consumption with blockchain-backed certificates from wind and solar farms, facilitating efficient decarbonization.

e-Zinc

Series A in 2024
e-Zinc develops innovative electrochemical technology for energy storage using zinc metal. This low-cost, flexible solution enables long-duration energy storage, facilitating a transition to renewable energy and a zero-carbon future.

BurnBot

Series A in 2024
BurnBot specializes in wildfire mitigation and vegetation management services. It combines expertise in forestry with advanced fire technology to systematically treat fuel sources, preventing destructive wildfires.

Orbital Materials

Series A in 2024
Orbital Materials develops and commercializes technologies for sustainability, including sustainable fuels, carbon capture, and removal of environmental contaminants. The company focuses on AI-driven materials discovery, using a three-dimensional foundation model for molecules to accelerate the design and discovery of new materials for industrial processes, such as earth-free batteries, semiconductors, carbon capture, and green fertilizer production. The platform applies generative AI and large language models to advance foundational technology with potential wide-ranging economic and environmental impact.

River

Series B in 2024
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

AM Batteries

Series B in 2023
Founded in 2016, AM Batteries specializes in the manufacture of Li-ion batteries using solvent-free electrode technology. This innovative approach aims to enhance energy efficiency, enable faster charging, and reduce production costs.

Zeno

Venture Round in 2023
Zeno is a climate conscious motor company that offers eco-friendly motorcycles.

Yard Stick

Series A in 2023
Yard Stick develops a handheld device that measures soil carbon levels in real-time. This enables evidence-based regenerative farming practices, improving soil health, increasing farmer income, and combating climate change by sequestering carbon.

Nori

Venture Round in 2023
Nori Inc. is a carbon dioxide removal marketplace that utilizes a blockchain-based platform to facilitate the removal of excess carbon dioxide from the atmosphere. Founded in 2017 and based in Seattle, Washington, Nori's marketplace allows carbon removal suppliers, such as farmers, to connect directly with buyers through a transparent and secure system. The platform streamlines the processes of measurement, verification, listing, and selling carbon removal certificates, enhancing efficiency and reducing costs. Additionally, Nori's blockchain application enables the use of cryptocurrency tokens for the exchange of these certificates, promoting a voluntary marketplace for carbon removal services.

River

Series B in 2023
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

Avalanche Energy

Series A in 2023
Avalanche Energy develops compact fusion reactors for distributed energy applications. Its modular reactor design enables clean energy production with high energy density, facilitating decarbonization efforts.

Living Carbon

Series A in 2023
Living Carbon is a public benefit corporation based in San Francisco, California, founded in 2019 by Maddie Hall and Patrick Mellor. The company leverages advanced biotechnology to enhance the natural ability of plants, particularly trees, to capture and store carbon dioxide (CO2). By improving photosynthesis, inhibiting photorespiration, increasing growth rates, and shortening tree growing cycles, Living Carbon aims to create more durable wood for building and manufacturing applications while addressing climate change. The company's ultimate goal is to restore balance to the planet's metabolic processes through innovative forest biotechnology solutions.

Syzygy Plasmonics

Series C in 2022
Syzygy Plasmonics, Inc. is a Houston-based company that specializes in the design, development, and manufacturing of photocatalytic reactor systems for industrial chemical reactions. Founded in 2017, the company focuses on creating reactors that facilitate the generation of fuel cell quality hydrogen from ammonia, specifically for small-to-medium-scale applications. These advanced reactors operate at significantly lower temperatures than traditional chemical reactors, allowing for reduced maintenance costs and the ability to quickly start or stop production. By utilizing light as an energy source, Syzygy Plasmonics enables the integration of renewable electricity into chemical manufacturing, contributing to the decarbonization of various industries and supporting the on-site production of ultra-low-cost hydrogen gas for fuel cell vehicles.

AM Batteries

Series A in 2022
Founded in 2016, AM Batteries specializes in the manufacture of Li-ion batteries using solvent-free electrode technology. This innovative approach aims to enhance energy efficiency, enable faster charging, and reduce production costs.

Zeti

Seed Round in 2022
Zeti is a digital financing platform that connects operators of business-critical vehicle fleets with institutional funders to accelerate the adoption of zero-emission transport. Positioned at the intersection of fintech, mobility, and sustainability, the platform funds electric vehicles and related infrastructure and provides real-time data and analytics to support flexible, risk-adjusted financing and value-added insights. Founded in 2020 and based in London, Zeti enables fleet operators to scale clean mobility by aligning financing with operational needs.

River

Series A in 2022
River is an electric vehicle manufacturer focused on enhancing livelihoods through its products. The company specializes in producing high-quality mobility motor vehicles, specifically utility electric mopeds. These vehicles are designed to be economical and versatile, catering to a variety of needs including work, recreation, and everyday tasks. By offering affordable options, River aims to provide customers with reliable transportation solutions that facilitate both productivity and leisure.

e-Zinc

Series A in 2022
e-Zinc develops innovative electrochemical technology for energy storage using zinc metal. This low-cost, flexible solution enables long-duration energy storage, facilitating a transition to renewable energy and a zero-carbon future.

Brilliant Planet

Series A in 2022
Brilliant Planet develops algae-based biomass production to permanently sequester carbon at large scale using open-air pond systems on coastal desert land. The approach grows microalgae without fresh water, leveraging natural processes to sequester carbon while supporting ocean and air health, and it also provides a source of protein to meet rising demand.

Ecolectro

Seed Round in 2022
Ecolectro develops scalable, low-cost clean hydrogen energy solutions. Its patented polymer membranes enable efficient hydrogen production using electrolyzers, without the need for precious metals like platinum.

Nori

Series A in 2022
Nori Inc. is a carbon dioxide removal marketplace that utilizes a blockchain-based platform to facilitate the removal of excess carbon dioxide from the atmosphere. Founded in 2017 and based in Seattle, Washington, Nori's marketplace allows carbon removal suppliers, such as farmers, to connect directly with buyers through a transparent and secure system. The platform streamlines the processes of measurement, verification, listing, and selling carbon removal certificates, enhancing efficiency and reducing costs. Additionally, Nori's blockchain application enables the use of cryptocurrency tokens for the exchange of these certificates, promoting a voluntary marketplace for carbon removal services.

Revel

Series B in 2022
Revel is a company dedicated to accelerating electric vehicle (EV) adoption in urban areas through its all-electric rideshare service and network of fast-charging stations. The company operates a fleet of easily recognizable blue electric vehicles, providing a cleaner, safer, and more affordable rideshare experience. Revel places a strong emphasis on safety and cleanliness, utilizing vetted drivers and regularly detailed cars to ensure high service standards. Additionally, Revel offers electric mopeds that can be booked through a mobile application, allowing users to locate the nearest moped and start their ride conveniently. This combination of rideshare services and charging infrastructure positions Revel as a key player in promoting sustainable transportation solutions.

Ion Storage Systems

Series A in 2022
Founded in 2015, Ion Storage Systems specializes in manufacturing solid-state lithium-ion batteries. The company serves the defense and aerospace, consumer electronics, and electric vehicles industries by developing energy-dense, safe, and non-flammable batteries using low-cost materials.

Universal Hydrogen

Series B in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem. Founded in 2020 and based in Hawthorne, California, the company manufactures capsule modules designed to safely transport and store hydrogen, which also function as modular fuel tanks that can be directly loaded onto aircraft. By establishing strategic partnerships and developing innovative technologies, Universal Hydrogen aims to deliver an end-to-end hydrogen value chain for aviation, encompassing both hydrogen fuel and hydrogen-powered aircraft. The company also provides a transport and logistics network that utilizes existing freight infrastructure to move hydrogen from production facilities to airports, thereby circumventing the need for expensive new pipelines and storage facilities. This approach supports the transition to carbon-free flight and aims to mitigate the environmental impact of air travel.

Universal Hydrogen

Series A in 2021
Universal Hydrogen is focused on advancing hydrogen aviation by creating a comprehensive hydrogen ecosystem. Founded in 2020 and based in Hawthorne, California, the company manufactures capsule modules designed to safely transport and store hydrogen, which also function as modular fuel tanks that can be directly loaded onto aircraft. By establishing strategic partnerships and developing innovative technologies, Universal Hydrogen aims to deliver an end-to-end hydrogen value chain for aviation, encompassing both hydrogen fuel and hydrogen-powered aircraft. The company also provides a transport and logistics network that utilizes existing freight infrastructure to move hydrogen from production facilities to airports, thereby circumventing the need for expensive new pipelines and storage facilities. This approach supports the transition to carbon-free flight and aims to mitigate the environmental impact of air travel.

Revel

Series A in 2019
Revel is a company dedicated to accelerating electric vehicle (EV) adoption in urban areas through its all-electric rideshare service and network of fast-charging stations. The company operates a fleet of easily recognizable blue electric vehicles, providing a cleaner, safer, and more affordable rideshare experience. Revel places a strong emphasis on safety and cleanliness, utilizing vetted drivers and regularly detailed cars to ensure high service standards. Additionally, Revel offers electric mopeds that can be booked through a mobile application, allowing users to locate the nearest moped and start their ride conveniently. This combination of rideshare services and charging infrastructure positions Revel as a key player in promoting sustainable transportation solutions.
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