Pegasus Tech Ventures and AISIN Expand CVC Fund to $100 Million

SAN JOSE, Calif.--(BUSINESS WIRE)--Pegasus Tech Ventures, a Silicon Valley–based global venture capital firm that supports corporate innovation initiatives, today 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.

Pegasus Tech Ventures and AISIN Expand CVC Fund to $100 Million

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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.”

About AISIN Corporation

Guided by its corporate philosophy, “Inspiring mobility, bringing smiles to the future,” AISIN is a comprehensive automotive parts supplier covering nearly all areas of vehicle systems, including powertrain, driving safety, body, navigation, and electronics — supporting the core functions of driving, turning, and stopping. With consolidated revenue of JPY 4.9 trillion in 2024, AISIN ranks among the world’s top 10 global automotive suppliers. The company employs approximately 120,000 people across more than 20 countries worldwide. By placing sustainability at the core of its management, AISIN continues to deliver safe and comfortable mobility experiences to people around the globe through initiatives such as carbon neutrality and traffic accident reduction.

For more information, please visit: https://www.aisin.com/en/

About Pegasus Tech Ventures

Pegasus Tech Ventures is a global venture capital firm headquartered in Silicon Valley, backed by limited partners from more than 40 major corporations worldwide. As a leading provider of CVC management services, Pegasus focuses on supporting corporate innovation and accelerating growth on a global scale. The firm has invested in world-class companies such as SpaceX, OpenAI, Anthropic, Twitter (now X), Airbnb, SoFi, DoorDash, and Coinbase, as well as other prominent startups around the world. To date, Pegasus has invested in more than 290 startups globally, with assets under management totaling over USD $2 billion.

For more information, please visit the official website: https://www.pegasustechventures.com/