Pegasus Tech Ventures, a Silicon Valley–based global venture capital firm that supports corporate innovation initiatives, on February 23rd announced that it will expand the corporate venture capital (CVC) fund it manages for AISIN Corporation of Japan to USD $100 million. The expanded fund is designed to operate through 2036, continuing the partnership between Pegasus and AISIN focused on investing in breakthrough technologies that advance AISIN’s corporate mission.
The original fund was launched in 2018, and over the past eight years the fund has invested in more than 40 startups around the world, enabling AISIN to forge many valuable collaborations involving cutting-edge technologies across various domains, including artificial intelligence, robotics, quantum computing, logistics, safety, and environment.
This expansion reflects AISIN’s commitment to deliver “new value through mobility” amid a period of significant change in the automotive industry. By identifying and leveraging cutting-edge technologies developed by startups worldwide, the fund aims to accelerate the creation of next-generation products and businesses aligned with AISIN’s strategic objectives over the mid to long term.
With this expanded fund, Pegasus will leverage its global network to find opportunities for AISIN across several key emerging technology domains, including next generation artificial intelligence, such as Physical AI, and technologies that enhance mobility experiences as well as those that advance robotics, energy, and healthtech.
Comment from Hiroshi Tsutsui, Executive Officer, AISIN Corporation:
“AISIN Group continues to transform itself in pursuit of a sustainable society and the creation of valuable new solutions in the mobility sector. Over the past eight years since 2018, we have built a trusted partnership with Pegasus. Based on the achievements we have made together, we are delighted to continue this journey through 2036. Through this fund expansion, we will strengthen our exploration in key areas such as Physical AI and energy and healthcare technologies, and together with startups from around the world, create the future of mobility.”
Comment from Anis Uzzaman, Founder & CEO, Pegasus Tech Ventures:
“What began in 2018 will now become an 18-year long-term partnership through this extension. We are honored to continue envisioning the future together with AISIN based on mutual trust. To date, our collaboration has produced meaningful outcomes by combining AISIN’s technological strengths with the innovations of startups. In the next phase, we will go beyond the automotive industry and step into ambitious fields such as humanoids, space, and next-generation energy. Through Pegasus’s global network, we will identify the best partners to help realize AISIN’s corporate vision.”
