Woven Planet Holdings, a subsidiary of Toyota, acquired Renovo Motors, a startup that makes operating systems for autonomous vehicles. It’s the latest acquisition that aims to accelerate Toyota’s mission to develop autonomous vehicles with connected software. The terms of the deal were not disclosed.
Toyota established Woven Planet in January 2021 to invest in and develop mobility with artificial intelligence. Since then, the company has been on a shopping spree, acquiring Carmera, a firm that provides real-time, high-definition maps and data for driverless vehicles, and Lyft’s Level 5 autonomous vehicle division.
Renovo converted a DeLorean with an electric powertrain and then did autonomous donuts with it
Renovo, which is based in…
