Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, has acquired Renovo Motors, Inc. (“Renovo”), a pioneering Silicon Valley-based automotive operating system developer.
Renovo develops specialized software, which will advance Woven Planet’s mission to enable the most programmable vehicles on the planet with Arene and realize the broader vision of “Mobility to Love, Safety to Live.”
In a statement released on Tuesday, the company expressed optimism that he acquisition would add depth to Woven Planet’s resources, particularly for Arene, Woven Planet’s open vehicle development platform, by bolstering their elite team with top-tier engineers who have deep expertise in building a complete software-defined vehicle infrastructure stack.
It states: “It will also provide a platform and software that are proven to work across multiple original equipment manufacturer (OEM) platforms, well-aligned with the goal of establishing a hardware-agnostic operating system as well as bring a robust, established technology ecosystem of industry partners.”
Following on the heels of recent acquisitions made this year, Renovo complements Woven Planet’s strategy to bring together world-class talent and expertise in automated driving technology, next-generation mapping, and vehicle operating systems, ensuring that Woven Planet can power the future of mobility.
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