Toyota's subsidiary acquires the autonomous driving division of the ride-hailing service 'Lyft'
On April 26, 2021, Toyota's subsidiary
Lyft, Inc. --Woven Planet, a subsidiary of Toyota, to acquire Lyft's self-driving car division
https://investor.lyft.com/news-and-events/news/news-details/2021/Woven-Planet-a-subsidiary-of-Toyota-to-acquire-Lyfts-self-driving-car-division/ default.aspx
Toyota is buying Lyft's autonomous car division for $ 550 million --The Verge
https://www.theverge.com/2021/4/26/22404406/toyota-lyft-autonomous-vehicle-acquisition-amount-deal
'Lyft' is a company that provides a service that allows you to request taxi hire dispatch from a smartphone app. Among them, 'Level 5' is a department that develops software and hardware related to autonomous driving technology, collects data, and conducts driving tests. With this acquisition, the Level 5 team will join Woven Planet to develop autonomous driving technology and safety technology.
'The partnership between Lyft and Woven Planet represents a major predecessor of self-driving technology, and we are excited about the transformative impact of self-driving cars on our world,' said Logan Green, CEO of Lyft. I am.
Woven Planet will prepaid $ 200 million (about 22 billion yen) to Lyft for this acquisition, and will pay the rest over the next five years. With the acquisition of Level 5, Woven Planet and Lyft have signed a commercial agreement to utilize Lyft's systems and vehicle travel logs to promote the safety and commercialization of self-driving cars.
'We have already established a center for software development and autonomous driving technology development within the Toyota Group with the research team of the Toyota Research Institute, ' said James Cuffner, CEO of Woven Planet. Here is the Level 5 world. We are very pleased to welcome level engineers and strengthen our efforts. '
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