Yamaha invests in CO₂ removal biotechnology start-up

This is the first investment made through Yamaha Motor Sustainability Fund established in June 2022 for investing in early stage companies working to address climate change.

Autocar Pro News Desk By Autocar Pro News Desk calendar 17 Mar 2023 Views icon4554 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Yamaha invests in CO₂ removal biotechnology start-up

Yamaha Motor Co has announced today that it has made an investment in Andes Ag, Inc., a U.S.-based startup pursuing research into beneficial microorganism technologies to remove CO₂ from the air.

This marks the first investment made through the $100 million Yamaha Motor Sustainability Fund established in June last year specifically for investing in early stage companies working to address climate change. This investment in Andes was made possible through the company’s Silicon Valley-based group company Yamaha Motor Ventures (YMV), the corporate venture capital arm of Yamaha Motor Company.

Andes is researching methods to use naturally occurring microorganisms to durably store atmospheric CO₂ in the soil. The company’s delivery platform uses seeds as safe vessels for microorganisms. As the microbes thrive in combination with crops (i.e. corn, soybean, and wheat), they convert atmospheric CO₂ into mineral compounds that capture and deposit the carbon permanently into the soil, generating carbon dioxide removal credits which are validated through soil sampling.

In the new Medium-Term Management Plan (2022–2024) announced in February 2022, Yamaha Motor made strengthening its sustainability efforts a central theme, in addition to the growth strategies and reinforcement of management foundations that the Company has pushed to date. Yamaha is exploring new technologies and business models that contribute to sustainability in order to accelerate its carbon neutrality goals.

The goal of this investment is to acquire more knowledge about carbon credits/offsets and about natural sources for scalable carbon removal that can be applied in an agricultural context.

RELATED ARTICLES
Mercedes to reorganise motorsport division 

auther Autocar Pro News Desk calendar26 Jul 2024

Mercedes‑AMG GmbH plans to acquire part of its long-standing partner HWA AG. Both companies have signed a letter of inte...

Yamaha develops new Y-AMT system to enable seamless gearchanges

auther Autocar Pro News Desk calendar26 Jul 2024

By consolidating shift operations into a lever on the handlebars, the Yamaha Automated Manual Transmission does away wit...

Visteon wins $3.1 billion new business in H1, digital cockpit and EV solutions drive growth

auther Autocar Pro News Desk calendar26 Jul 2024

Of the new orders, displays account for nearly $1.8 billion including a large, curved OLED display for a luxury vehicle ...