Toyota Open Labs today announced the first start-up companies selected for its new open innovation platform: Andyamo, Okeenea, Genny Mobility, hlpy, Hive Power and Shippeo.

The 2024 Toyota Open Labs cohort was carefully selected from a pool of hundreds of applicants, each offering unique solutions to pressing challenges in mobility.

‍HivePower is leading the charge in grid balancing using Vehicle-to-Grid technology and AI algorithms. Its solutions optimise energy consumption and integrate seamlessly with smart buildings and appliances, pushing the boundaries of energy efficiency.Startups are at the forefront of the innovation needed to drive the EV market into its next phase. Recognising this, Toyota Open Labs was created as a dynamic platform to connect these innovators with Toyota's vast ecosystem of business units.

Fueling the future of mobility

Toyota Open Labs has just made waves in the innovation community by announcing its first-ever cohort for an exciting new open innovation platform. The line up includes six groundbreaking startups — Andyamo, Okeenea, Genny Mobility, hlpy, Hive Power and Shippeo — all set to present their innovations at Toyota Open Labs' Demo Day in Paris on 4 September, 2024.

These innovators will showcase their progress and visions for the future of energy, the circular economy, carbon neutrality, smart communities and mobility.

Monica Perez Lobo, VP of Corporate Affairs and Sustainability at Toyota Motor Europe is enthusiastic about the initiative, says: "These innovations help solve societal challenges and move mobility forward in specific and tangible ways."

"The power of the Open Labs program is that it brings these startups together with business units across the Toyota ecosystem, allowing us to scale these innovations and contribute to a sustainable future."

Toyota Open Labs is backed by a robust network of partners, including Toyota Tsusho Europe, the trading and supply-chain arm of the Toyota group; KINTO Europe, Toyota's mobility brand; Woven Capital, Toyota's growth-stage venture fund; and the Toyota Mobility Foundation, a non-profit dedicated to advancing mobility for all.

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A glimpse into the future

The 2024 Toyota Open Labs cohort was carefully selected from a pool of hundreds of applicants, each offering unique solutions to pressing challenges in mobility. At the Demo Day in Paris, these innovative startups will showcase the work they've accomplished in collaboration with Toyota's business units.

Expect insightful discussions on the advancements made, the challenges overcome and what lies ahead for the mobility industry. Don't miss your chance to witness the future of mobility.