Wednesday, October 20, 2021
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Toyota Motor acquires software firm Renovo to fast track self-driving tech development

According to the company, a long-term goal for the deal is to design software and operating systems that other automakers would also use.

Global car manufacturer Toyota Motor Corp has announced to have acquired automotive operating system software company Renovo via its Silicon Valley research arm to fast-track the development of fully autonomous connected vehicles.

“I am hoping to shave off years and months to our minimum viable product launches,” James Kuffner, the head of Toyota’s Woven Planet subsidiary said.

According to the company, a long-term goal for the deal is to design software and operating systems that other automakers would also use.

Toyota is in a technological race with other established car companies and newer rivals, such as Tesla Inc and Amazon, to build cars that can operate without drivers and share data within connected networks. While some driverless vehicles are already available, their autonomous functions are mostly limited to parking and driving on expressways.

Toyota deployed a fleet of driverless vehicles at the Tokyo 2020 Olympic and Paralympic Games to showcase its autonomous technology. The company also temporarily suspended its operations after one of the athletes was struck and injured during the Paralympic in Toyota.

US-based Renovo has designed an operating system for cars that manages vehicle systems and can sort and filter information for sharing, including data that can help carmakers improve vehicle design.

The latest acquisition by Woven Planet comes after it purchased Carmera in August, a US firm that provides real-time, high-definition maps and data for driverless vehicles.

Toyota established Woven Planet in January to invest in and develop mobility with artificial intelligence.

Japan’s leading carmaker is also building Woven City, a “city of the future” at the foot of Mount Fuji in Japan, a community Toyota says will use hydrogen fuel cells for power and be a laboratory for autonomous cars.

Earlier this year, Toyota also bought ride-hailing service Lyft Inc’s self-driving technology unit for $550 million and invested in Ridecell which provides automation for fleet businesses.

Other self-driving partnerships include a joint venture with SoftBank Corp and stakes in China’s Didi Global Inc and Singapore’s Grab.

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