April 27 - 12:04
14D
Woven Planet to acquire Lyft’s self-driving car division
Toyota subsidiary Woven Planet has agreed a deal worth $550m to buy Lyft's self-driving car division, Level 5. Woven Planet develops autonomous driving and other advanced mobility technologies. Woven Planet and Lyft have also signed commercial agreements for the utilisation of Lyft system and fleet data to accelerate the safety and commercialisation of the automated-driving vehicles.
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