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Toyota Subsidiary Woven Acquires Lyft Autonomous Division Toyota’s Woven Planet Holdings has acquired Level 5, Lyft’s self-driving unit. Woven Planet’s deal brings scientists, software engineers, and researchers together as one. The company is growing beyond its headquarters in Tokyo to include teams in Palo Alto, California, and London, UK. Besides Level 5, Lyft agreed to the use of their data to fast track the autonomous technology Woven Planet is developing. Lyft’s vast system and fleet data will make Woven commercially viable that much faster, according to the company. Lyft receiv...

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A look inside the Tokyo headquarters of Woven Planet, which aims to speed up recruitment. TOKYO — Toyota showed last week that it takes cash and chutzpah to be as big in software as it is in hardware. Less than four months after being founded, Toyota's newly minted automated-driving subsidiary Woven Planet splashed more than a half-billion dollars to turbocharge its plans by buying the autonomous-driving division of American ride- hailing company Lyft. And Woven Planet CEO James Kuffner told Automotive News that more deals are on the way as part of a go-big strategy. "One thing that is of...

As electric vehicle and onboard computer systems continue to progress in capabilities, so too does the technology for self-driving. There have been a number of technology and automotive giants invested in automated driving development already, but with a recent deal between Toyota and Lyft, the former will take an expanded step in the self-driving field. Toyota is closing in on a deal to acquire Lyft’s self-driving technology department to the tune of $550 million. The unit will be absorbed into Toyota’s new Woven Planet division developing “smart city” and driving automation tech. To...

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