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Toyota subsidiary Woven Planet acquires Lyft’s Level 5 Division to accelerate software innovation for automated driving; ~$550M deal Woven Planet Holdings, Inc., 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. Woven Planet Group is an expansion of the operations of Toyota Research Institute - Advanced Development, Inc.

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