1. Toyota Tsusho Investing and Participating in Vehicle-to-Grid (V2G) Start-up

    Toyota Tsusho Investing and Participating in Vehicle-to-Grid (V2G) Start-up

    Toyota Tsusho Corporation ("Toyota Tsusho") announces today that it has invested and participated in the U.S. based start-up company Nuvve Corporation ("Nuvve"), a world leading Vehicle-to-Grid (V2G) service provider. The investment was made through Toyota Tsusho's Next Technology Fund established in April 2017. A board member of Nuvve will be appointed from Toyota Tsusho in order to support expansion of the virtual power plant (VPP)* businesses utilizing EVs and plug-in-hybrid vehicles (PHV) in new markets such as Japan and other countries where these vehicles are expected to flourish in the near future. 

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