Toyota AI Ventures boosts investment in self-driving startups

Toyota Motor Corp is boosting investment in startup companies to get a better handle on emerging technologies that could potentially disrupt its existing business, according to the head of Toyota’s corporate venture arm.
Toyota AI Ventures said on Monday it is co-leading an $11.5-million seed investment in May Mobility, an Ann Arbor-based startup that is developing self-driving shuttles for college campuses, central business districts and similar low-speed applications. BMW i Ventures is a co-investor.