Woven Planet Holdings, a subsidiary of Toyota, acquired Renovo Motors, a startup that makes operating systems for autonomous vehicles. It’s the latest acquisition that aims to accelerate Toyota’s mission to develop autonomous vehicles with connected software. The terms of the deal were not disclosed.
Toyota established Woven Planet in January 2021 to invest in and develop mobility with artificial intelligence. Since then, the company has been on a shopping spree, acquiring Carmera, a firm that provides real-time, high-definition maps and data for driverless vehicles, and Lyft’s Level 5 autonomous vehicle division.
Renovo, which is based in...
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Toyota’s autonomous division just bought the company that made a self-driving DeLorean do donuts
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September 28, 2021
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