• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Toyota’s Woven Planet acquires vehicle operating system developer Renovo Motors

September 28, 2021 by David Barret Leave a Comment

Toyota subsidiary Woven Planet Holdings has made its third acquisition in less than a year in its bid to invest in, develop and eventually bring future-of-transportation technologies like automated driving to market.

This time, it’s Renovo Motors, the automotive operating system developer based in Silicon Valley that made its first big splash in 2015, when it debuted a video of a self-driving DeLorean developed with Stanford doing autonomous doughnuts. Terms of the deal, which has closed, were not disclosed. Renovo, which will maintain its Silicon Valley office, will be integrated into Woven Planet’s 1,240-person operation.

Woven Planet, which earlier this year acquired mapping startup Carmera and Lyft’s autonomous driving unit, Level 5, isn’t snapping up Renovo for its AV doughnut skills. The company is interested in Renovo’s vehicle operating system and how it might help speed up its own efforts.

Renovo developed an operating system designed to run apps in vehicles related to automated driving, maps and other mobility services that might be delivered to riders. The operating system, called AWare OS, works a lot like how Google’s Android allows app developers to launch services in the smartphone market. It can even be compared, in a way, to Amazon Web Services’ on-demand cloud computing platform. This middleware, which is designed to be flexible without compromising security, provides a platform that other companies can use to deploy software.

With just 30 employees, Renovo was a small player in the booming and now consolidating autonomous vehicle industry. And yet, its operating system did get the attention of a number of AV developers such as Voyage, which has since been acquired by Cruise. The company also attracted several investors, including Verizon.

“I think we’ve become increasingly aware that the IP that Renovo developed was being seen as core to what automotive manufacturers want to do in the future,” Renovo co-founder and CEO Chris Heiser said in a recent interview. “As we’ve built these relationships and tried to understand how do we get to scale — and like, capital S, huge scale — it became increasingly clear to us that we had to find a partner that had the resources and had the backing of an automaker and that had millions and millions of cars to launch on.”

Woven Planet sees Renovo’s OS as a means to help commercialize its own open vehicle development platform, Arene, that it intends to bring to market by 2025.

Woven Planet Holdings, which folded in Toyota Research Institute — Advanced Development Inc. or TRI-AD, also includes an investment arm known as Woven Capital and Woven City, a testing ground for new technologies set in an interconnected smart city prototype. In February, Toyota broke ground at the Higashi-Fuji site in Susono City, Japan, at the base of Mount Fuji.

Earlier this year, Woven Capital kicked off off its new $800 million strategic fund by announcing an investment into autonomous delivery vehicle company Nuro.

Source Link Toyota’s Woven Planet acquires vehicle operating system developer Renovo Motors

David Barret
David Barret

Related posts:

  1. Australia’s treasurer says economy must diversify from China reliance
  2. China Evergrande bonds suspended as prices slump
  3. At unfinished Evergrande apartments in central China, buyers seek answers
  4. U.S. sanctions several Hong Kong-based Chinese entities over Iran -website

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Unexpected Discovery Hints We Might Be Inside A Black Hole
  • Why Are People Talking About This “Square Structure” Captured On Mars?
  • The World Has Five Oceans, Not Four – Discover The Latest One
  • Just 80 Percent Of People Can Perceive This Optical Illusion And No One Knows Why
  • Something Other Than Geological Processes Or Humans Created These Caves
  • Can Black Holes Lead To Other Places In The Universe?
  • The Devastating Communication Problem Facing Light-Speed Travel
  • The Great British Pet Massacre: One Of The Saddest Tragedies Of 1939
  • Would A Vacuum-Filled Balloon Float?
  • Queen Ant Produces Babies Of 2 Different Species, For The First Time Ever We Have A Complete Map Of Brain Activity, And Much More This Week
  • Yes, Your Attention Span Might Have Shortened, But That Might Not Be A Terrible Thing
  • This May Be The First Known Portrait Of A Viking – And It’s A Sexually Rampant “Beard Fondler”
  • The Largest Snake In Captivity Is A Humongous 7.7-Meter Reticulated Python Called Medusa
  • Poo Power: How Animal Dung Could Unlock New Antibiotic Treatments
  • Perfectly Preserved Dinosaur Tail Found Inside 99-Million-Year-Old Amber Was Mistaken For A Plant
  • Why Aren’t Full Photos Of The Milky Way Real? A NASA Analyst Explains The Obvious
  • Freaky Ratfish Have Teeth Growing Out Of Their Foreheads, And They Use Them For Love
  • The Largest Turtle Ever Known To Have Lived Was An Absolute Unit
  • “It Literally Leapt Out Of The Rock At Us”: How Violent Storms Led To The Extraordinary Preservation Of Baby Pterosaurs
  • This Is The Reason Why Earth’s Core Exists, And It’s More Interesting Than You Might Think
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version