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 icon4326 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
Bajaj Auto begins exporting Qute to Egypt, electric Qute in the works

auther Autocar Pro News Desk calendar05 May 2024

Following a recent move by Egypt to formally recognize quadricycles as vehicles for public transportation and also to re...

Hyundai begins supplies of hydrogen fuel cell trucks in North America

auther Autocar Pro News Desk calendar03 May 2024

Hyundai Motor Company, which has been actively working with partners to build a hydrogen value chain in North America, s...

ZF Foxconn Chassis Modules plots speedy growth with top tier customers

auther Autocar Pro News Desk calendar02 May 2024

ZF Foxconn Chassis Modules, which supplies global premium and volume manufacturers and is represented at 25 locations wo...