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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