Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft’s Level 5 Division to Accelerate Software Innovation for Automated Driving Mobility
Summary
Today’s announcement places Woven Planet at the center of the connected and automated driving movement by providing: • Talent: an international team of top-tier engineers, research scientists, and domain experts in mobility services. Comment from James Kuffner, CEO, Woven Planet “This acquisition advances our mission to develop the safest mobility in the world at scale. This deal brings together the vision, talent, resources and commitment to advance clean, autonomous mobility on a global scale.” Comment from George Kellerman, Head of Investments & Acquisitions, Woven Planet “With the acquisition of Level 5, Woven Planet is driving towards its mission to combine the innovative culture of Silicon Valley with world-renowned Japanese craftsmanship to create the mobility solutions of the future. As part of Woven Planet, we will be able to leverage exceptional automotive engineering expertise as well as the considerable resources of an iconic business, while continuing to move with the energy and speed of a start-up. Starting business in January 2021, Woven Planet Group is an expansion of the operations of Toyota Research Institute - Advanced Development, Inc. dedicated to bringing its vision, “Mobility to Love, Safety to Live” to life.