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Tuesday, 28 September 2021 20:19

Toyota Subsidiary Woven Planet Acquires Renovo Motors

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Woven Planet Holdings, Inc., a subsidiary of Toyota Motor Corporation, announced the acquisition of Renovo Motors, Inc., a pioneering Silicon Valley-based automotive operating system developer.

Renovo develops specialized software, which will advance Woven Planet’s mission to enable the most programmable vehicles on the planet with Arene and realize the broader vision of “Mobility to Love, Safety to Live.”

 

The acquisition will add depth to Woven Planet’s resources, particularly for Arene, Woven Planet’s open vehicle development platform, by:

 

  • Bolstering their elite team with top-tier engineers who have deep expertise in building a complete software-defined vehicle infrastructure stack
  • Providing a platform and software that are proven to work across multiple original equipment manufacturer (OEM) platforms, well-aligned with the goal of establishing a hardware-agnostic operating system
  • Bringing a robust, established technology ecosystem of industry partners

 

Following on the heels of recent acquisitions made this year, Renovo complements Woven Planet’s strategy to bring together world-class talent and expertise in automated driving technology, next-generation mapping and vehicle operating systems, ensuring Woven Planet can power the future of mobility.

 

“The acquisition of Renovo supports Woven Planet's work in transforming worldwide mobility," said Nikos Michalakis, senior vice president of software platform, Woven Planet. "A key part in delivering our ‘Mobility to Love, Safety to Live’ vision is to enable the most programmable vehicles on the planet---opening vehicle programming to everyone by simplifying vehicle software development and increasing deployment frequency without compromising safety and security.

 

"With Renovo having deep roots in the space, we immediately recognized...


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