An outline of the new Fund is listed below.
- Founding principles
- Help accelerate innovation by encouraging development using investments in projects with technologies and business models that will drive growth toward the society of the future.
- Demonstrate to the world a new pioneering capacity by putting together a portfolio of companies discovered through the Fund.
- Target functions
- Invest in startups engaged in space-related businesses with superior technologies and unique business models alongside related projects that underpin the foundations of the space industry to support its realization and growth. Promote these technologies and services throughout society by partnering with governments and other industries.
- Summary
- The Fund's operations are scheduled to begin in April 2024 under the management of SAM, with a total capital backing of approximately JPY 11.0 billion.
- The Fund will accept additional subscriptions from investors who agree with the Fund's purpose through September 30, 2024.
| Fund name | Space Frontiers Second Investment Limited Partnership |
|---|---|
| Portfolio companies | Space-related startups and projects engaged in space-related businesses with superior technologies and unique business models |
| Investors |
|
| Fund size | Approx. JPY 11.0 billion (as of April 26, 2024) |
| Subscription target | At least JPY 15 billion |
| Additional subscription period | September 30, 2024 (TBC) |
About the Space Frontiers Fund (the "First Fund")
The First Fund began its operations in June 2020 with JPY 9.2 billion in capital. It invested in and supported startups engaged in space-related businesses, including ispace, Inc.
Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.
- SDGs Initiatives
- https://global.toyota/en/sustainability/sdgs/
