Tag: Toyota
The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today…
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Lyft sells self-driving unit to Toyota’s Woven Planet for $550M
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize the technology that have occurred within the autonomous vehicle industry. Under the acquisition agreement announced…
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Woven Capital kicks off portfolio with investment in autonomous delivery company Nuro
Woven Capital, the investment arm of Toyota’s innovation-focused subsidiary Woven Planet, has announced an investment into Silicon Valley-based autonomous delivery vehicle company Nuro. This kicks off the new $800 million strategic fund, which will invest in growth-stage technology companies that could one day develop into partners or acquisitions to further…
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With a reported deal in the wings for Joby Aviation, electric aircraft soars to $10B business
One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal that would value the electric plane manufacturer at nearly $5.7 billion. News of a potential deal comes on the…
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Toyota’s second-generation Mirai has a 400-mile range
Toyota is one of a few companies trying to turn hydrogen Fuel Cell Electric Vehicles (FCEVs) into a viable option. Its first production FCEV, the Mirai, was sold in limited quantities (11,000 cars sold as of September 2020) in the few places you coul… Source
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Watch a Toyota-backed flying car’s first public, piloted test flight
Toyota-backed SkyDrive has finally conducted a public, crewed test flight (via Observer) for its flying car after years of work. The startup flew its SD-03 vehicle around the Toyota Test Field in the city of Toyota with a pilot at the helm. While it… Source
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