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Rebranded Toyota Ventures invests $300 million in emerging tech and carbon neutrality 

TechCrunch

Toyota AI Ventures, Toyota’s standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The introduction of these two new funds, each worth $150 million, brings Toyota Ventures’ total assets under management to over $500 million.

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AI-driven energy startup Octopus hits $2B mark after $200M investment from Tokyo Gas

TechCrunch

stake, in order to launch a joint venture. Octopus will own 30% of the venture, with Tokyo Gas owning the majority. Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power.

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Salesforce leads $15M investment in Asian HR tech platform Darwinbox

TechCrunch

The new round — a Series C — for the Hyderabad-headquartered startup was led by Salesforce Ventures, the venture arm of the American enterprise giant. This is one of Salesforce Ventures’ rare investments in Asia. Salesforce Ventures is exploring more investment opportunities in India, he said.

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TRIREC, INNOPOWER team up for $100m green energy fund

AsiaTechDaily

Register Singapore-based venture capital firm TRIREC and Thai energy innovations company INNOPOWER announced today the formation of Energy Ignition Ventures, a $100-million growth-stage fund aimed at promoting decarbonisation initiatives.

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TechCrunch: Where top VCs are investing in construction robotics

Dream It

Via TechCrunch by Arman Tabatabai: Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. Matt Murphy and Grace Ge, Menlo Ventures Which trends are you most excited about in construction robotics from an investing perspective?

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Korean VC Sopoong closes $8M fund for startups focused on environmental impact

TechCrunch

Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story.

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Singapore’s InterContinental Energy Attracts $115M Funding from GIC and Hy24

AsiaTechDaily

Hy24’s investment through its Clean Hydrogen Infrastructure Fund injects capital and introduces a valuable network of leading industrial and financial players deeply involved in the entire hydrogen value chain. With this, the market is expected to gain momentum from 2030, as per the insights from the International Energy Agency.

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