Woven Planet closes acquisition of Lyft Level 5
Toyota subsidiary Woven Planet completed its acquisition of Lyft's Level 5 self-driving division and related sensing, computing and software assets.
Evidence notes
- Woven Planet announced the acquisition close on July 20, 2021, following regulatory review of the previously agreed transaction.
- The transfer included more than 300 engineers and specialists, Level 5 offices in Silicon Valley and London, and automated-driving technology assets.
- Lyft retained commercial agreements covering use of its rideshare system and fleet data while leaving internal self-driving-system development.
Company context
Mobility marketplace and fleet-operating platform participating in autonomous-vehicle deployments.