07:20 AM EST, 01/07/2025 (MT Newswires) -- Toyota Motor ( TM ) research unit Woven will invest about 7 billion yen ($44.4 million) in Japanese startup Interstellar Technologies to support mass production of its rockets, Interstellar said Tuesday.

The company said the investment is part of Interstellar Technologies' Series F funding round, with the first close scheduled soon.

Woven by Toyota ( TM ) will also appoint a director to the Interstellar board and help strengthen the startup's supply chains and corporate governance, it added.