TOKYO ā Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc., a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.
The addition, announced Tuesday, follows the purchase earlier this year of CARMERA Inc., a U.S. venture that specializes in sophisticated road mapping updates made cheaper and faster by using crowdsourced information obtained from millions of net-connected Toyota vehicles.
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The company has not disclosed the value of either deal.
Renovo develops automotive operating systems, which Toyota Motor Corp. sees as essential for developing programmed vehicles so it can transition to what it calls āa mobility companyā that includes more than just cars. Renovo means ānew lifeā or ārenewā in Latin.
Renovo's data-management platform enables automakers to continuously learn from their vehicles, using a so-called ācomplete loopā approach, so vehicles can become safer and more reliable.
āIn Woven Planet and Toyota, weāve found partners committed to doing exactly what we have always wanted to do, on a global scale, and thatās a great feeling,ā said Renovo Chief Executive Christopher Heiser.
Woven Planet, Toyotaās wholly owned subsidiary, earlier acquired San Francisco-based Lyftās self-driving division Level 5. Chief Executive James Kuffner said more acquisitions may be coming.
āThe big picture is Woven Planet creating a ādream teamā of software and vehicle engineering people globally to deliver the worldās programmable and safest mobility. Thatās the context,ā he told The Associated Press.
āAlways as an executive, you are trying to balance the speed and the growth versus the focus and maintaining company culture. The larger you grow, the risk is that you slow down,ā he said.
āWe will keep growing, but we are going to be careful.ā
Kuffner declined comment on an recent accident at the Paralympics Athletes Village in Tokyo, when a Toyota bus equipped with automated driving technology bumped into a Paralympian athlete and injured him. The accident is still under investigation and may be an example of the kinds of hurdles to be overcome before the technology can be widely used on public roads.
The bus isnāt approved for widespread use on public roads but was shuttling athletes and officials at the Village during the Tokyo Olympics and Paralympics. A human driver was on the vehicle as a safety precaution. President Akio Toyoda has apologized and promised improvements.
Major automakers are working on various driving technologies. Vehicles of electric car maker Tesla Inc. equipped with its Autopilot driver-assist system have been in several crashes, including fatal ones, in the U.S.
Some analysts say companies should avoid suggesting cars sold today with such technology can safely drive themselves.
Woven Planet, known previously as Toyota Research Institute-Advanced Development, is working on technologies spanning āsmartā cities, green energy and mobility solutions and robotics that are meant to eventually become consumer products, said Kuffner, who has worked on Googleās self-driving cars and robots at Boston Dynamics.
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Yuri Kageyama is on Twitter https://twitter.com/yurikageyama