Tag: Woven
Japan – Woven Capital Invests in Ridecell to Accelerate Global Growth in IoT-driven Automation for Mobility and Fleet Businesses
Woven Capital, L.P. today announced that it has made an investment in Ridecell Inc., a leading platform powering digital transformations and IoT automation for fleet-driven businesses. Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities. It is the investment arm of the Woven Planet Group, a Toyota subsidiary which is dedicated to building the safest mobility in the world. Along with the investment, Ridecell and the Woven Planet Group will explore collaborative opportunities in mobility service operations. “Ridecell is accelerating the digital transformation ... Read more
Japan – Woven Alpha, Isuzu and Hino Begin Exploring the Use of Automated Mapping Platform
Woven Alpha, Inc., a group company of Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, Isuzu Motors Limited, and Hino Motors, Ltd. announced today an agreement to proceed with talks to utilize the Automated Mapping Platform (AMP) developed by Woven Alpha. AMP is a connected crowdsourced software platform that supports the creation, development and distribution of high definition (HD) maps–a key enabler for smart and safe automated mobility. AMP provides high-precision data driven maps by utilizing vehicle fleet data and advanced satellite imagery technology. AMP HD map includes several layers of data rich information of road objects such ... Read more
Japan – Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft’s Level 5 Division to Accelerate Software Innovation for Automated Driving Mobility
Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world. This marks the first major deal for the newly established Woven Planet. The deal will bring together world-class scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute, Inc. (“TRI”) already working together with Woven Planet. The resulting combined “dream team” of approximately 1,200 will represent one of the most diverse, well-resourced and talented groups in this field. Today’s announcement places Woven ... Read more