IWATA, August 6, 2015 – Yamaha Motor Co., Ltd (Tokyo:7272) announced today that it has established Yamaha Motor Ventures & Laboratory Silicon Valley Inc. (abbreviated to YMVSV), which began operation on August 5 local time. Based in Silicon Valley, California, this new company aims to conduct theme research and training for new business development, promotion of commercialization, and development of new business models.
YMVSV has a capital of 450,000 US dollars, provided entirely by Yamaha Motor, and has begun operation with six employees.
The new company will work in the fields of vehicles, robotics, and industrial solutions, conducting business development leveraging the business ecosystem of Silicon Valley.
Yamaha Motor has transferred one staff member in Silicon Valley since May 2014, establishing the new company on July 13, 2015, which has just begun operation as announced.
New Company Outline
Name: Yamaha Motor Ventures & Laboratory Silicon Valley Inc.
Location: Menlo Park City, California, U.S.A.
Date established: July 13, 2015 (operation from August 5)
Representative: President Hiroshi Saijo
Theme research and training for new business development, promotion of commercialization, consideration of investment in venture companies, development of new business models, etc.
Capital: 450,000 US dollars (Yamaha Motor 100% investment)
Yamaha Motor (TOKYO: 7272) is a world-leading producer of motorcycles, marine products, power products and surface mounters. The company’s diverse business and wide variety of products are built around its proprietary technologies focused on small engines, fiberglass-reinforced plastics and electronic control. Yamaha Motor conducts global development, production and marketing operations through 140 subsidiaries and equity-method affiliates in 30 countries. About 90% of consolidated net sales are generated in more than 200 countries outside of Japan. The company is steadily restructuring its global engineering, manufacturing and marketing capabilities for sustainable long-term growth. Please visit http://global.yamaha-motor.com.