With regard to new technologies, we have begun to work with companies that share our Long-Term Vision, including Taiwanese developer and seller of electric scooters Gogoro, major Indian bicycle manufacturer Hero Cycles, and ride-hailing provider Grab in Southeast Asia, to incorporate electrification and sharing technologies in the field of mobility. To cultivate new markets, we are pursuing joint technological development with NVIDIA in the United States in the field of robotics, with the aim of adding intelligent technologies to our products.To accelerate our activities toward the achievement of our Long-Term Vision, we are also stepping up our strategic equity investment from a global perspective. We established the Yamaha Motor Ventures & Laboratory Silicon Valley (YMVSV) in Silicon Valley in 2015 to study and build on themes for new business development, promote commercialization, and develop new business models, and to date have invested roughly US$47 million in nine venture capital companies working in the field of robotics and other areas. In November 2018, we established and began operating a proprietary Yamaha Motor Exploratory Fund, L.P., which we envision making aggregate investments of US$100 million over the next 10 years. Contributing to the resolution of designated important social issues in uniquely Yamaha waysSociety is increasingly calling for companies to contribute to the resolution of social issues through their business as part of their corporate duty. At Yamaha Motor, we have designated four important issues to address: Environment and resources; Transportation, education, and industry; Innovation; and Work-life balance.With regard to the environment and resources, we have set a target of reducing our products’ CO2 emissions by 50% by 2050. We have already been manufacturing and selling many electric products, and will work to meet this target by pursuing further electrification in addition to improved fuel efficiency. We will also continue the clean water business that we have developed in Africa and Southeast Asia. By providing safe water to more people, we intend to free women and children from the arduous task of carrying water and enable children to attend school.In the areas of transportation, education, and industry, first, we will address transportation issues by providing the land mobility-based transport services mentioned previously and through support for community development. We are also holding riding safety courses for motorcycle owners and training service engineers for our various products around the world. We aim to address shortages of agricultural workers using our unmanned technologies.In terms of innovation, we are accelerating innovation to be able to work effectively as we address environmental and resource issues and transportation, education, and industry issues. In particular, we are promoting the development of new forms of mobility using intelligent technologies and advanced control technologies, and are using robotics to provide solutions to the agricultural and medical fields. We are moving quickly in these areas while also promoting partnerships with other companies.Initiatives to Address Social IssuesYamaha Motor Co., Ltd. Integrated Report 201827
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