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Yamaha Motor Invests in Andes, a CO2 Removal Biotechnology Startup- First Investment from the Yamaha Motor Sustainability Fund

21 March 2023 - Yamaha Motor Co., Ltd. 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 USD 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. The Company 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.


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