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Yamaha invests $100 million in robotics and artificial intelligence ventures
It’s part of the company’s ultimate goal of achieving sustainability and carbon-neutrality.
Yamaha Motor has recently declared the creation of the Yamaha Motor Exploratory Fund, L.P. II on March 13, 2023. The purpose of this fund is to discover new technologies and potential growth prospects, with a ten-year commitment and an allocation of $100 million. Although this financial contribution will aid the company in producing fresh products until 2033, Yamaha's investment has been in the works for quite some time.
Yamaha Motor established Yamaha Motor Ventures (YMV) in Palo Alto, California, in the center of Silicon Valley's innovation culture, in 2015. The business invested in Wi-Fi technology and robots before injecting further capital into the initiative in December 2018 with the launch of the Yamaha Motor Exploratory Fund LP. The inaugural fund established the investment structure by allocating $100 million over a 10-year period. On June 21, 2022, Yamaha Motor committed an extra $100 million to eco-friendly efforts through the Yamaha Motor Sustainability Fund.
“This is our course of action for achieving carbon neutrality. We need to connect with the people/companies that we can share objectives. I do not think that $100m is not enough. I do not believe that only Yamaha Motor can deliver the result. We are happy to be an enabler to create the world where we want to save for our next generations.”
In less than a year, Yamaha Motor has introduced its second Yamaha Motor Exploratory Fund, with a 10-year commitment and $10 million investment, as it looks to explore innovative technologies and business growth potential in transportation, robotics, data/AI, fintech/insurtech, and digital health and wellness through YMVSV. The impact of this latest development fund on Yamaha's future lineups remains to be seen, but it is evident that the company is moving towards hi-tech, eco-friendly products.
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