Toyota acquires Carmea to enhance its autonomous driving capabilities
Category: #technology  By Pranali Mehta  Date: 2021-07-16
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Toyota acquires Carmea to enhance its autonomous driving capabilities
  • This move will allow Toyota to access real-time maps in high definition as well as crowd-sourced inputs.
  • Carmera and Toyota Motor Corporation have joined forces on various projects since 2018.

Toyota Motor Corporation has reportedly acquired New York-based spatial AI company Carmera which specializes in providing data & maps for driverless vehicles.

The move will allow Toyota to access real-time maps in high definition as well as crowd-sourced inputs which aid autonomous vehicles in location and navigation aspects.

Toyota's newly formed subsidiary Woven Planet will develop and sell an open map platform to other automakers and OEMs following the acquisition, cited sources with relevant information.

For the unaware, Woven Planet Holdings Inc, was established in January 2021 to improve and expand the company’s operations. It has also played a critical role in Toyota's acquisition of Carmera, with a focus to accelerate the manufacturing of autonomous vehicles.

Additionally, the buyout will also help Toyota to take on tech giants who have started venturing into the vehicle market, such as Apple and Amazon.

If reports are to be believed, Carmera and Toyota Motor Corporation have joined forces on various projects since 2018 including the development of a technology that accurately updates repainted lane markings on maps.

James Kuffner, the CEO of Woven Planet, was quoted saying that this acquisition is well-aligned with Toyota’s global expansion. He further added that uncertainty in the automotive sector is rising and the way to a bright future is paved through strategic investments.

Apart from the headline, Toyota had bought Lyft’s self-driving technology unit earlier this year for USD 550 million to boost its autonomous driving capabilities. The Japanese car manufacturing company had also invested in Ridecell, a California-based fleet digitization company earlier in June.

 Source Credits –

https://whbl.com/2021/07/14/toyota-buys-u-s-mapping-and-road-data-firm-to-bulk-up-driverless-tech/

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About Author

Pranali Mehta

Pranali Mehta    

Pranali Mehta boasts of over three years of experience as a content writer. Having completed her graduation in chemical engineering, she worked as safety & environment associate in a chemical company for a year. Harnessing her passion for writing however, Pranali deci...

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