Woven Planet Holdings Acquires Renovo Motors
September 28, 2021
Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, has acquired Renovo Motors, a Silicon Valley automotive operating system developer. The deal brings Renovo's vehicle OS, data-management platform, and engineering talent into Woven Planet to accelerate development of the Arene vehicle software platform and broader vehicle software capabilities.
- Buyers
- Woven Planet Holdings, Inc., Toyota Motor Corporation
- Targets
- Renovo Motors, Inc.
- Industry
- Automotive
- Location
- California, United States
- Transaction Type
- Buyout
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