SPARX Group to Establish “Mirai Creation Fund III”

Toyota City, Japan, Aug 2, 2021 - (JCN Newswire via SEAPRWire.com) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III"). The two seed LPs for the Mirai Creation Fund II ("Fund II"), Toyota Motor Corporation ("Toyota") and Sumitomo Mitsui Banking Corporation ("SMBC"), are to participate again as initial investors in Fund III. In addition to the five (5) categories of Intelligent Technology (e.g. artificial intelligence), Robotics, Technologies for a Hydrogen-Powered Society, Electrification, and New Materials that Fund II (formed in October 2018) focused on, the Mirai Creation Fund III mandate also will include global companies that provide solutions that promote carbon neutrality.An outline of the new fund is listed below.1. Basic Principles- To help accelerate innovation by investing in enterprises that possess technologies capable of leading growth for future generations- To build a portfolio of promising businesses, and realize the potential of technologies and ideas that can transform the future by promoting them on a global scale- To contribute to a sustainable future by promoting carbon neutrality2. Target Technology Areas- Fund III aims to invest in companies and projects to boost innovation within the following six (6) core technology areas: 1) Intelligent Technology (e.g. artificial intelligence), 2) Robotics, 3)Technologies for a Hydrogen-Powered Society, 4) Electrification, 5) New Materials, and 6) Carbon Neutrality.3. Summary- With SPARX Asset Management Co., Ltd., a subsidiary of SPARX, acting as Fund III's fund manager and with an initial commitment from Toyota, SMBC, and SPARX totaling approximately YEN15.0 billion, Mirai Creation Fund III investment activities are scheduled to begin from October 2021.- The fund will be open to new LPs until around the end of March 2022, targeting a total of YEN100.0 billion in commitments. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Toyota Launches the New Mirai

Toyota City, Japan, Dec 9, 2020 - (JCN Newswire) - Toyota Motor Corporation today launched the completely redesigned "Mirai" fuel cell electric vehicle (FCEV). The all-new Mirai is available from Toyota vehicle dealers starting December 9.FCEVs run on hydrogen, a fuel that can be produced from various energy sources and contributes to preservation of the global environment and reinforcing energy security. They are the ultimate eco-cars, offering long cruising ranges with a short refueling time and generating zero emissions. The first-generation Mirai, launched in 2014, was a revolutionary FCEV and a global forerunner in mass production. During the early stages of the Mirai's introduction, there was limited supply capacity, and customers made various requests including a larger seating capacity and longer cruising range.In response, Toyota set a target for the all-new Mirai to create a "premium car that will make customers think that 'this is a high-quality car that I truly want' immediately upon seeing it, while driving, and after they complete a trip," while maintaining its status as an FCEV.Hydrogen use has progressed in various forms with the aim of creating a low-carbon and decarbonized economy, and Toyota plans to use new fuel cell (FC) systems that pursue compact size, efficiency, and productivity in the means of mobility that support society including trucks and buses, and contribute to the expanded use of hydrogen.The new Mirai will serve as a new departure point for creating a hydrogen-based society of the future.Grades and PricesTwo grades--the standard G grade and the high-end Z grade---are available. Both grades are equipped with ample and comfortable rear seat space, and the "Executive Package," with enhanced comfort as a luxury vehicle, is available. The "A Package" that includes Toyota Teammate Advanced Park and other features is available for the G grade. Prices for vehicles with Advanced Drive are not yet set.For more information, visit https://bit.ly/36Ymjjr. Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com