}}
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”’Woven by Toyota, Inc.”’ is the mobility technology subsidiary of [[Toyota Motor Corporation]], creating and managing the software for Toyota’s vehicle [[operating system]],<ref>[https://woven.toyota/en/arene/ Arene – Woven by Toyota]</ref> automated driving, and safety. It has an investment fund, Woven Capital.
”’Woven by Toyota, Inc.”’ is the mobility technology subsidiary of [[Toyota Motor Corporation]], creating and managing the software for Toyota’s vehicle [[operating system]],<ref>[https://woven.toyota/en/arene/ Arene – Woven by Toyota]</ref> automated driving, and safety. It has an investment fund, Woven Capital.
== Description ==
== Description ==
Woven by Toyota, a subsidiary of the [[Toyota Motor Corporation]], was formerly the ”’Toyota Research Institute – Advanced Development”’ (TRI–AD), which had been established by Toyota in 2018. It was ”’Woven Planet Holdings, Inc.”’ in 2021 and in 2023 it became Woven by Toyota, Inc.<ref name=”:0″>{{Cite web |date=2023-04-10 |title=Woven by Toyota to Accelerate Toyota’s Vision for Mobility |url=https://www.businesswire.com/news/home/20230410005294/en/Woven-by-Toyota-to-Accelerate-Toyotas-Vision-for-Mobility/?feedref=JjAwJuNHiystnCoBq_hl-SP7CEH_PxTjduXJ0SDrbU6qcp-o_pnudlUwsb5apQ1S4gUE65BTfjH3-pSuqdv0gW3cb3F4oTIgUqCPafFkgu67Ap_pA_yJ1XPgPy1DuJnY |access-date=2022-02-26 |website=businesswire |language=en-US}}</ref>
Woven by Toyota, a subsidiary of the [[Toyota Motor Corporation]], was formerly the ”’Toyota Research Institute – Advanced Development”’ (TRI–AD), established by Toyota in 2018. was ”’Woven Planet Holdings, Inc.”’ and in 2023 it became Woven by Toyota, Inc.<ref name=”:0″>{{Cite web |date=2023-04-10 |title=Woven by Toyota to Accelerate Toyota’s Vision for Mobility |url=https://www.businesswire.com/news/home/20230410005294/en/Woven-by-Toyota-to-Accelerate-Toyotas-Vision-for-Mobility/?feedref=JjAwJuNHiystnCoBq_hl-SP7CEH_PxTjduXJ0SDrbU6qcp-o_pnudlUwsb5apQ1S4gUE65BTfjH3-pSuqdv0gW3cb3F4oTIgUqCPafFkgu67Ap_pA_yJ1XPgPy1DuJnY |access-date=2022-02-26 |website=businesswire |language=en-US}}</ref>
Woven by Toyota develops and maintains a mobility software platform and technologies for Toyota Woven City in Japan. Woven by Toyota former CEO and Representative Director [[James J. Kuffner Jr.|James Kuffner]] said, “This is a pivotal moment for the industry when software can accelerate our progress toward an advanced mobility society. Woven by Toyota plays a critical role and our unique software platform will enable Toyota not only to build next generation BEVs, but also, expand the value of mobility across every aspect of our lives.”<ref name=”:0″ />
Woven by Toyota develops and maintains a mobility software platform and technologies for Toyota Woven City in Japan. Woven by Toyota former CEO and Representative Director [[James J. Kuffner Jr.|James Kuffner]] , “This is a pivotal moment for the industry when software can accelerate our progress toward an advanced mobility society. Woven by Toyota plays a critical role and our unique software platform will enable Toyota not only to build nextgeneration , but also expand the value of mobility across every aspect of our lives.”<ref name=”:0″ />
=== Woven Capital ===
=== Woven Capital ===
Woven Capital is a US$800m (€676m) global investment fund, to support the work of Woven by Toyota. The fund is for investment in driverless car technologies, including “autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities“.<ref name=”:1″>{{Cite web |title= Woven Capital: Our Mission|url=https://www.woven.vc/about}}</ref>
Woven Capital is a US$ () global investment fund to support the work of Woven by Toyota. The fund is investment in driverless car technologies, including “autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities.<ref name=”:1″>{{Cite web |title= Woven Capital: Our Mission|url=https://www.woven.vc/about}}</ref>
== History ==
== History ==
In January 2021, Woven Planet Holdings, Inc. was established.<ref name=”:3″ >{{Cite web |title=Toyota announces far-reaching Woven Planet technology research unit|url=https://www.autoblog.com/2021/01/29/toyota-woven-planet-technology-self-driving/}}</ref>
In January 2021, Woven Planet Holdings, Inc. was established.<ref name=”:3″ >{{Cite web |title=Toyota announces far-reaching Woven Planet technology research unit|url=https://www.autoblog.com/2021/01/29/toyota-woven-planet-technology-self-driving/}}</ref>
In April 2021, Woven by Toyota (then Woven Planet Holdings) agreed to acquire [[Lyft|Lyft’s]] Level 5 self-driving vehicle division.<ref>{{Cite web |title=Lyft sells self-driving division to Toyota subsidiary |url=https://www.intelligenttransport.com/transport-news/123348/lyft-level-5-sale/ |access-date=2022-02-27 |website=Intelligent Transport |language=en}}</ref> Financing included US$550 million in cash with $200 million paid upfront and $350 million of payments over five year period. Woven by Toyota CEO and Representative Director James Kuffner said the acquisition assembled “a dream team of world-class engineers and scientists to deliver safe mobility technology for the world“.<ref>{{Cite web |title=Woven Planet, a subsidiary of Toyota, to acquire Lyft’s self-driving car division |url=https://www.sec.gov/Archives/edgar/data/1759509/000175950921000020/pressrelease42621.htm |access-date=2022-02-26 |website=www.sec.gov}}</ref>
In April 2021, Woven by Toyota (then Woven Planet Holdings) agreed to acquire [[Lyft|Lyft’s]] Level 5 self-driving vehicle division.<ref>{{Cite web |title=Lyft sells self-driving division to Toyota subsidiary |url=https://www.intelligenttransport.com/transport-news/123348/lyft-level-5-sale/ |access-date=2022-02-27 |website=Intelligent Transport |language=en}}</ref> Financing included US$550 million in cash with $200 million paid upfront and $350 million of payments over five year period. Woven by Toyota CEO and Representative Director James Kuffner said the acquisition assembled “a dream team of world-class engineers and scientists to deliver safe mobility technology for the world.<ref>{{Cite web |title=Woven Planet, a subsidiary of Toyota, to acquire Lyft’s self-driving car division |url=https://www.sec.gov/Archives/edgar/data/1759509/000175950921000020/pressrelease42621.htm |access-date=2022-02-26 |website=www.sec.gov}}</ref>
In July 2021, Woven by Toyota (then Woven Planet Holdings) also acquired CARMERA, Inc. CARMERA “specializes in sophisticated road mapping updates made cheaper and faster by using [[crowdsourced]] information obtained in real time from millions of net-connected Toyota vehicles“.<ref name=”:4″>{{Cite web |last=Kageyama |first=Yuri |date=2023-04-10 |title=Toyota revs up its digital mapping subsidiary Woven Planet |url=https://apnews.com/article/technology-business-health-coronavirus-pandemic-45ad711c0b2edb622e8d42bbf46d8b91 |access-date=2023-04-15 |website=AP NEWS |language=en}}</ref>
In July 2021, Woven by Toyota (then Woven Planet Holdings) also acquired CARMERA, Inc. “specializes in sophisticated road mapping updates made cheaper and faster by using [[crowdsourced]] information obtained in real time from millions of net-connected Toyota vehicles.<ref name=”:4″>{{Cite web |last=Kageyama |first=Yuri |date=2023-04-10 |title=Toyota revs up its digital mapping subsidiary Woven Planet |url=https://apnews.com/article/technology-business-health-coronavirus-pandemic-45ad711c0b2edb622e8d42bbf46d8b91 |access-date=2023-04-15 |website=AP NEWS |language=en}}</ref>
In September 2021, Woven by Toyota (then Woven Planet Holdings) acquired Renovo Motors, Inc., a [[Silicon Valley]] automotive operating system developer.<ref>{{Cite web |last= |first= |title=Woven Planet Holdings, a Subsidiary of Toyota, Acquires Vehicle Operating System Developer Renovo Motors |url=https://global.toyota/en/newsroom/corporate/36103221.html |access-date=2022-02-27 |website=Toyota Motor Corporation Official Global Website |language=en}}</ref>
In September 2021, Woven by Toyota (then Woven Planet Holdings) acquired Renovo Motors, Inc., a [[Silicon Valley]] automotive operating .<ref>{{Cite web |last= |first= |title=Woven Planet Holdings, a Subsidiary of Toyota, Acquires Vehicle Operating System Developer Renovo Motors |url=https://global.toyota/en/newsroom/corporate/36103221.html |access-date=2022-02-27 |website=Toyota Motor Corporation Official Global Website |language=en}}</ref>
In April 2023, Woven Planet Holdings, Inc. was renamed to Woven by Toyota, Inc.<ref name=”:0″ />
In April 2023, Woven Planet Holdings, Inc. was renamed to Woven by Toyota, Inc.<ref name=”:0″ />
In October 2023, Hajime Kumabe became the CEO.<ref>{{Cite web |title=Woven by Toyota announces changes to its board of directors |url=https://woven.toyota/en/our-latest/woven-by-toyota-announces-changes-to-its-board-of-directors/ |access-date=2023-10-04 |website=woven.toyota |language=en-US}}</ref>
In October 2023, Hajime Kumabe the CEO.<ref>{{Cite web |title=Woven by Toyota announces changes to its board of directors |url=https://woven.toyota/en/our-latest/woven-by-toyota-announces-changes-to-its-board-of-directors/ |access-date=2023-10-04 |website=woven.toyota |language=en-US}}</ref>
Daisuke Toyoda, the eldest son of [[Akio Toyoda]], the chairman of Toyota Group, is a founding member and senior vice president of Woven by Toyota.<ref>{{cite news |last1=NEWS |first1=KYODO |title=Toyota president’s son to wed ex-member of Japan’s Takarazuka troupe |url=https://english.kyodonews.net/news/2021/03/6b90fabf3f78-toyota-presidents-son-to-wed-ex-member-of-japans-takarazuka-troupe.html |work=Kyodo News+}}</ref>
Daisuke Toyoda, the eldest son of [[Akio Toyoda]], the chairman of Toyota Group, a founding member and senior vice president of Woven by Toyota.<ref>{{cite news |last1=NEWS |first1=KYODO |title=Toyota president’s son to wed ex-member of Japan’s Takarazuka troupe |url=https://english.kyodonews.net/news/2021/03/6b90fabf3f78-toyota-presidents-son-to-wed-ex-member-of-japans-takarazuka-troupe.html |work=Kyodo News+}}</ref>
==See also==
==See also==
Japanese multinational automotive software and technology developer
 |
|
Woven by Toyota, |
|
| Formerly |
|
|---|---|
| Company type | Private |
| Industry | Automotive |
| Founded | January 2021 |
| Headquarters | Tokyo, Japan |
|
Area served |
International |
|
Key people |
Hajime Kumabe, CEO Daisuke Toyoda, Senior Vice President |
| Owner | Toyota Motor Corporation (100%) |
| Website | woven |
Woven by Toyota, Inc. is the mobility technology subsidiary of Toyota Motor Corporation, creating and managing the software for Toyota’s vehicle operating system,[1] automated driving, and safety. It has founded and managed an investment fund, Woven Capital.
Woven by Toyota, a subsidiary of the Toyota Motor Corporation, which was formerly known as the Toyota Research Institute – Advanced Development (TRI–AD), was established by Toyota in 2018. In 2021, it was renamed to Woven Planet Holdings, Inc., and in 2023, it became known as Woven by Toyota, Inc.[2]
Woven by Toyota develops and maintains a mobility software platform and technologies for Toyota Woven City in Japan. Woven by Toyota’s former CEO and Representative Director, James Kuffner, stated, “This is a pivotal moment for the industry when software can accelerate our progress toward an advanced mobility society. Woven by Toyota plays a critical role, and our unique software platform will enable Toyota not only to build next-generation battery electric vehicles, but also to expand the value of mobility across every aspect of our lives.”[2]
Woven Capital is a US$800 million (€676 million) global investment fund that was established to support the work of Woven by Toyota. The fund’s money is dedicated to investment in driverless car technologies, including “autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities.”[3]
Toyota Research Institute – Advanced Development (TRI–AD) began in 2018, a joint venture among Toyota, Denso, and Aisin to unify and strengthen Toyota’s software for automated driving and safety.[4] James Kuffner became the CEO.
In January 2021, Woven Planet Holdings, Inc. was established.[5]
In April 2021, Woven by Toyota (then Woven Planet Holdings) agreed to acquire Lyft’s Level 5 self-driving vehicle division.[6] Financing included US$550 million in cash with $200 million paid upfront and $350 million of payments over five year period. Woven by Toyota CEO and Representative Director James Kuffner said the acquisition assembled “a dream team of world-class engineers and scientists to deliver safe mobility technology for the world.”[7]
In July 2021, Woven by Toyota (then Woven Planet Holdings) also acquired CARMERA, Inc., a company that “specializes in sophisticated road mapping updates made cheaper and faster by using crowdsourced information obtained in real time from millions of net-connected Toyota vehicles.”[8]
In September 2021, Woven by Toyota (then Woven Planet Holdings) acquired Renovo Motors, Inc., a Silicon Valley developer of automotive operating systems.[9]
In April 2023, Woven Planet Holdings, Inc. was renamed to Woven by Toyota, Inc.[2]
In October 2023, Hajime Kumabe was named the CEO of Woven by Toyota.[10]
Daisuke Toyoda, the eldest son of Akio Toyoda, the chairman of Toyota Group, serves as a founding member and senior vice president of Woven by Toyota.[11]
- ^ Arene – Woven by Toyota
- ^ a b c “Woven by Toyota to Accelerate Toyota’s Vision for Mobility”. businesswire. April 10, 2023. Retrieved February 26, 2022.
- ^ “Woven Capital: Our Mission”.
- ^ Whittaker, D. Hugh (December 15, 2021). “Beyond secular stagnation: A digital and green economy?”. The Japanese Political Economy. 47 (4): 365–386. doi:10.1080/2329194X.2021.2012806. ISSN 2329-194X. S2CID 245257385.
- ^ “Toyota announces far-reaching Woven Planet technology research unit”.
- ^ “Lyft sells self-driving division to Toyota subsidiary”. Intelligent Transport. Retrieved February 27, 2022.
- ^ “Woven Planet, a subsidiary of Toyota, to acquire Lyft’s self-driving car division”. www.sec.gov. Retrieved February 26, 2022.
- ^ Kageyama, Yuri (April 10, 2023). “Toyota revs up its digital mapping subsidiary Woven Planet”. AP NEWS. Retrieved April 15, 2023.
- ^ “Woven Planet Holdings, a Subsidiary of Toyota, Acquires Vehicle Operating System Developer Renovo Motors”. Toyota Motor Corporation Official Global Website. Retrieved February 27, 2022.
- ^ “Woven by Toyota announces changes to its board of directors”. woven.toyota. Retrieved October 4, 2023.
- ^ NEWS, KYODO. “Toyota president’s son to wed ex-member of Japan’s Takarazuka troupe”. Kyodo News+.
