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Lyft sells self-driving unit to Toyota's Woven Planet for $550M – TechCrunch

Lyft sells self-driving unit to Toyota’s Woven Planet for $550M
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology.
Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash, with $200 million paid upfront. The remaining $350 million will be made in payments over five years. About 300 people from Lyft Level 5 will be integrated into Woven Planet. The Level 5 team, which in early 2020 numbered more than 400 people in the U.S., Munich and London, will continue to operate out of its office in Palo Alto, California. ....

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Toyota breaks ground for 'Woven City'

Toyota breaks ground for Woven City
03 Mar 2021 - 9:28
Officials during the Woven City groundbreaking ceremony.
The Peninsula
Doha: Construction of the prototype city of the future where all ecosystems are connected begins at the Higashi-Fuji site (Susono City, Shizuoka Prefecture) Toyota Motor Corporation (Toyota) and Woven Planet Holdings, Inc. (Woven Planet), the Toyota Group company responsible for a wide range of mobility development projects anchored in software, held a groundbreaking ceremony (Jichinsai) recently for the construction of Woven City at the old vehicle yard adjacent to the former Higashi-Fuji Plant site of Toyota Motor East Japan, Inc. (TMEJ).
Along with the Governor of Shizuoka Prefecture Heita Kawakatsu, Mayor of Susono City Kenji Takamura and other guests representing the local community, the ceremony was attended by Toyota President Akio Toyoda, Woven Planet CEO James Kuffner, TMEJ President Kazuhiro Miyauchi and others involved ....

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Construction on Toyota Woven, the City of Tomorrow, Officially Begins

autoevolution
27 Feb 2021, 7:52 UTC ·
by
7 photos
These days, we’ve come so accustomed with delays and pushed-back deadlines that the surprise is in hearing one company is actually able to stick to the timeline announced before the international health crisis. Toyota is one such example and, this week, it officially broke ground for Woven City.
An official groundbreaking ceremony took place at the Higashi-Fuji site in Susono City, Shizuoka Prefecture, and it saw the who’s who of the project come out, including Toyota President Akio Toyoda. Big words were said, as the occasion demands, but the takeaway here is that Toyota is fully committed to building this city of the future. ....

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After phones & homes, now cities set to get 'smart' with self-driving cars, robots & AI with this Toyota project located at the base of Japan's Mt. Fuji

NASA chief engineer watches perseverance touchdown, daughter captures euphoric reaction
Almost everyone has associated the Japanese multinational automotive manufacturer Toyota with high-end SUVs. So strong is the association that it even supersedes the fact that there is a town of Toyota-shi in Aichi prefecture of Japan. But the latest endeavour by Toyota is set to bring a complete overhaul in how people look at the corporation and even cities.
Toyota has started building a smart city wherein self-driving cars, robotics and Artificial Intelligence homes will be a reality. Dubbed as the Woven City, it will be located 62 miles from Tokyo. ....

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Toyota starts building 'smart city' with self-driving cars, robots and AI homes

Toyota starts building smart city with self-driving cars, robots and AI homes
Toyota has started constructing the smart city, dubbed Woven City. It will be a full sustainable city with buildings made of wood to minimise carbon footprint and self driving cars
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