Toyota subsidiary textile acquires Lyft Autonomous Region

Toyota’s Woven Planet Holdings has acquired a Level 5, Lyft self-driving unit. The Woven Planet contract brings together scientists, software engineers, and researchers.

We elaborated on the launch of Woven last year, but it’s been relatively quiet since then... Woven brings together engineers, research scientists, and mobility services professionals. They have accumulated sensing, computing, and software assets in addition to the capabilities of autonomous driving systems.

Woven Planet

The company has grown beyond its headquarters in Tokyo to include teams in Palo Alto, CA and London, England. In addition to Level 5, Lyft has agreed to use the data to quickly track the autonomous technology being developed by Woven Planet. According to the company, Lyft’s vast system and fleet data make Woven much faster and commercially viable.

Lyft received $ 550 million in cash, $ 200 million prepaid and the rest paid in five years.

Woven Planet

“This acquisition advances our mission to develop the world’s safest mobility on a large scale. The Woven Planet team, along with a team of TRI researchers, is a center of excellence in software development and technology for the Toyota Group. Has already been established, “said James Kuffner, CEO of Woven Planet.

“We can further increase speed and influence by incorporating Level 5 world-class engineers and experts, and additional technology resources. This transaction will help us transform the world, It is important for interweaving resources and infrastructure. “

Woven Planet

Logan Green, CEO of Lyft, said: “Lyft has spent nine years building a network that can scale self-driving cars, which brings together vision, talent, resources, and commitment.”

Woven Planet’s mission is to combine Silicon Valley culture with Japanese craftsmanship to develop mobility solutions. The acquisition accelerates Woven’s ability to advance technology. Who is responsible for connecting the autonomous EV, the on-board brain, or your brain?

[Images: Toyota]

Toyota subsidiary textile acquires Lyft Autonomous Region

Source link Toyota subsidiary textile acquires Lyft Autonomous Region

Back to top button