Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Gwede Mantashe Named Acting Minister Of Police

2025-07-15

Dual Harry Oppenheimer Fellowship Awards Fuel SA’s Scientific Revolution

2025-07-15

Presidency Denies DA’s Claims On Mcebisi Jonas’ US Visa Denial

2025-07-15
Facebook X (Twitter) Instagram
Trending
  • Gwede Mantashe Named Acting Minister Of Police
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Connected Life»Toyota Is Buying Lyft’s Autonomous Car Division
Connected Life

Toyota Is Buying Lyft’s Autonomous Car Division

Gugu LourieBy Gugu Lourie2021-04-27Updated:2021-04-28No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Lyft
Lyft. Image source Pinterest
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Woven Planet Holdings, the subsidiary of Toyota, is buying  Level 5, an autonomous vehicle division of Lyft, for $550 million (R7, 8 billion). Lyft is 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 together world-class scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute (TRI), already working together with Woven Planet.

The resulting combined “dream team” of approximately 1,200 will represent one of the most diverse, well-resourced and talented groups in this field.

“This acquisition advances our mission to develop the safest mobility in the world at scale. The Woven Planet team, alongside the team of researchers at TRI, have already established a centre of excellence for software development and technology in the Toyota Group,” said James Kuffner, CEO of Woven Planet.

“Bringing Level 5’s world-class engineers and experts into the fold―as well as additional technology resources―will allow us to have even greater speed and impact. This deal will be key in weaving together the people, resources, and infrastructure that will help us to transform the world we live in through mobility technologies that can bring about a happier, safer future for us all.”

Woven Planet and Lyft have also signed commercial agreements for utilization of the Lyft system and fleet data to accelerate the safety and commercialization of the automated-driving technology that Woven Planet will develop.

Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change.

“Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life,” said Logan Green, CEO of Lyft.

“Lyft has spent nine years building a transportation network that is uniquely capable of scaling autonomous vehicles. This deal brings together the vision, talent, resources and commitment to advance clean, autonomous mobility on a global scale.”

autonomous cars James Kuffner Logan Green Lyft Toyota Woven Planet
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie
  • Website

Related Posts

Agentforce On Salesforce Handles 1M+ Customer Conversations Instantly

2025-07-11

Home Affairs To Submit ‘Digital ID’ Policy To Cabinet For Approval

2025-07-09

Temu Now Delivers In 1 Day In SA With Local Warehouse

2025-07-09

Vodacom’s 40% Maziv Stake Deal Back On After New Agreement

2025-07-08

Outa Challenges Joburg’s Mandatory CCTV Registration In Court

2025-07-07

Jonas Bogoshi Urges Africa To Harness AI For Economic Sovereignty

2025-07-04

Platō Launches SA’s First Bank Card-Linked Loyalty App

2025-07-03

Wise Move & Gumtree Partner For Seamless Goods Transport In SA

2025-07-02

Vodacom Launches Smartphone For The Visually Impaired in Africa

2025-07-01
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Dual Harry Oppenheimer Fellowship Awards Fuel SA’s Scientific Revolution

Two South African scientists are doing such internationally trailblazing research that the Oppenheimer Memorial Trust…

How Agri-Tech Is Powering South Africa’s Cannabis Boom

2025-07-15

Ithuba Challenges Lottery Licence Award

2025-07-14

Vodacom Deploys Mobile Private Network At Sasol Secunda Fuel Facility

2025-07-04
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

US Denies Mcebisi Jonas’ Visa, Rejects Credentials As Ramaphosa’s Envoy

2025-07-15

Vodacom & NAVIC Use Cloud Tech To Combat Crime, Save Lives

2025-07-15

Takealot Expands Pickup Points At Pick n Pay For Shopper Convenience

2025-07-14

DA Urges President: Fire Minister Nkabane Now – Open Letter

2025-06-25

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Gwede Mantashe Named Acting Minister Of Police

2025-07-15

Dual Harry Oppenheimer Fellowship Awards Fuel SA’s Scientific Revolution

2025-07-15

Presidency Denies DA’s Claims On Mcebisi Jonas’ US Visa Denial

2025-07-15
Recent Posts
  • Gwede Mantashe Named Acting Minister Of Police
  • Dual Harry Oppenheimer Fellowship Awards Fuel SA’s Scientific Revolution
  • Presidency Denies DA’s Claims On Mcebisi Jonas’ US Visa Denial
  • How Lottery looters Hijacked A GBV Organisation
  • Minister Creecy Dissolves RAF Board Over Governance Failures
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.