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Woven Planet Holdings, a Subsidiary of Toyota, Announces Acquisition of Lyft's Level 5 Division to Accelerate Software Innovation for Automated Driving Mobility

  • Written by ACN Newswire - Press Releases
TOKYO, Apr 27, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), 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

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