Dubai-based investment firm Terex Ventures partnered with Tokyo AI, a Japan-based artificial intelligence community, to invest USD 200 mn in AI startups in India, YourStory reports, citing statements from Terex CEO Priyanka Madnani. The initiative aims to link investors and AI-focused companies with growth-stage startups to support their global market expansion.
The initiative will provide capital through equity investments, partnerships, and in some cases mergers or semi-mergers, depending on the maturity of the startup. As part of the effort, Terex and Tokyo AI will jointly launch a Pan-Asia AI Roadshow across cities including Delhi, Mumbai, Hyderabad, and Bengaluru to link Indian startups with investors from Japan and the UAE.
“Our goal is to build a platform that enables Indian startups to enter and expand in the Japanese market,” Madnani told the newswire. Terex will act as the local partner in India and the UAE, connecting high-growth Indian startups with Japanese investors seeking opportunities beyond the seed stage.