Toyota Invests in Joint Space Venture
The fund is aimed at helping startups develop rockets and artificial satellites. Toyota is keen on space development as it also takes part in a project aspiring to build a base on the moon with the Japan Aerospace Exploration Agency and NASA. The automaker hopes that working in the space industry will help advance its research and development in autonomous driving, which requires advanced satellite technology. The space development fund aims to collect a total of about 15 billion yen (140 million dollars).