Automaker’s Woven by Toyota subsidiary will help fund Interstellar Technologies’ development of low-cost, reusable orbital rockets.

The Toyota Motor Corporation will invest $44.4 million in Japan-based Interstellar Technologies to help the private spaceflight firm develop rockets to launch satellites into Earth's orbit.

Woven by Toyota, a subsidiary of the company, is investing around $44.4 million (7 billion yen) in Japanese space startup Interstellar Technologies as a means of entering into the booming space industry, Interstellar announced this week.

Toyota's subsidiary, Woven, is investing heavily in Interstellar Technologies, marking a bold entry into the rapidly advancing space industry.

In a bold move to broaden its horizons, Toyota has announced its plans to build Woven City, a prototype city located at the foot of Mount Fuji. Designed as a living laboratory, Woven City will serve as a testing ground for new technologies,