Woven Planet Holdings, a Subsidiary of Toyota Motor Corporation, Closes Acquisition of Lyft’s Level 5 Division

Woven Planet Holdings, a Subsidiary of Toyota Motor Corporation, Closes Acquisition of Lyft’s Level 5 Division

Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. (“Lyft”), a proposed transaction previously announced in April 2021. This marks the first acquisition for Woven Planet, a group that is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more.