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Toyota Ventures invites innovative ideas for the ‘Factory of the Future’

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Toyota Ventures has launched its third global “call for innovation” to search for early-stage companies that can help make the factory of the future a reality sooner.

In partnership with Toyota’s Manufacturing Project Innovation Center and Toyota Research Institute (TRI), the 2022 call focuses on finding scalable solutions to modernize manufacturing and advance sustainable production.

Through May 31, 2022, qualified entrepreneurs are invited to apply to the call for an opportunity to receive between $500,000 and $2 million in venture capital funding from Toyota Ventures. [Read more…] about Toyota Ventures invites innovative ideas for the ‘Factory of the Future’

Symbio Robotics reveals details of its work with Toyota

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Symbio Robotics, a provider of software that automatically powers AI-controlled industrial robots for flexible auto manufacturing, has revealed some details about its latest work with Toyota Motor North America.

SymbioDCS software enables robots to automate assembly processes and allows robots to learn, adapt and execute tasks on Toyota’s highest volume production lines, including both traditional and hybrid electric Camry, RAV4, Sequoia, and Tundra models.

Symbio says its automation technologies are designed to solve car manufacturing pain points and “outperforms” conventional robotic systems. [Read more…] about Symbio Robotics reveals details of its work with Toyota

Toyota subsidiary Hino Motors partners with REE Automotive to develop autonomous mobility solutions

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Hino Motors, a subsidiary of Toyota Motor Corporation, and REE Automotive, an innovator in e-mobility, have signed a strategic business alliance agreement to realize their shared vision of “providing new value to society through next-generation commercial mobility”.

With the backdrop of advancements in CASE – Connected, Autonomous, Shared and Electric – vehicles, the automotive industry is entering a major transformation phase.

Hino and REE envision beyond this transformation a future in which commercial vehicles that support the movement of people and goods will evolve into mobility that provides new value and opportunities for society. [Read more…] about Toyota subsidiary Hino Motors partners with REE Automotive to develop autonomous mobility solutions

Toyota Research Institute reaches ‘new technical milestones in robotics’

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Toyota Research Institute (TRI) says it has reached “new technical milestones in robotics”. The company has unveiled new robotics capabilities aimed at solving complex tasks in home environments.

Specifically, TRI roboticists were able to train robots to understand and operate in complicated situations that confuse most other robots, including recognizing and responding to transparent and reflective surfaces in a variety of circumstances.

As TRI demonstrates in a new video (see below), this robust system allows robots to make generalizations in a range of scenarios, including in different homes. [Read more…] about Toyota Research Institute reaches ‘new technical milestones in robotics’

Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

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Woven Capital, a venture capital unit of Toyota, has made an investment in Ridecell, a platform powering digital transformations and IoT automation for fleet-driven businesses.

Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities.

It is the investment arm of the Woven Planet Group, a Toyota subsidiary which says it is “dedicated to building the safest mobility in the world”. [Read more…] about Toyota’s Woven Capital invests in autonomous vehicle fleet platform Ridecell

Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

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Toyota is accelerating its autonomous vehicle plans through its acquisition of Lyft’s Level 5, according to research company GlobalData. 

Toyota Motor’s tech investment arm, Woven Planet Holdings, has agreed to acquire shared mobility giant Lyft’s self-driving vehicle division Level 5 for $550 million.

In response to the news, Bakar Sadik Agwan, senior automotive consulting analyst at GlobalData, offers her analysis. [Read more…] about Toyota ‘accelerating’ its autonomous vehicle plans with Lyft’s Level 5 acquisition

Toyota to acquire Lyft’s self-driving car division

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Lyft has signed an agreement with Woven Planet, a subsidiary of Toyota Motor Corporation, for the acquisition of Lyft’s self-driving vehicle division, which is named “Level 5” in reference to the SAE’s definitions of levels of autonomous vehicles.

The transaction also includes multi-year non-exclusive commercial agreements between Lyft and Woven Planet to accelerate the development and enhance the safety of automated driving technology.

Logan Green, Lyft co-founder and CEO says: “Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. [Read more…] about Toyota to acquire Lyft’s self-driving car division

Toyota launches new cars equipped with ‘Advanced Drive’

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Toyota has launched two new cars – the Lexus LS and Mirai – equipped with what it describes as “Advanced Drive”, which sounds somewhat similar to an advanced driver assistance system, or ADAS, a widely known term to mean a range of automated or autonomous driving functions.

Toyota says its Advanced Drive “enables drivers and cars to drive together”, and that the company is seeking to enrich people’s lives through mobility.

Advanced Drive has five technology characteristics: Intelligent, Reliable, Perceptive, Interactive, and Upgradeable. [Read more…] about Toyota launches new cars equipped with ‘Advanced Drive’

Denso develops advanced driver assistance system for new Lexus LS and Toyota Mirai

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Denso has developed products for Advanced Drive, an advanced driver assistance technology featured on the new Lexus LS and the new Toyota Mirai, which were both recently released in Japan. 

Denso’s newly developed products used in Advanced Drive include: [Read more…] about Denso develops advanced driver assistance system for new Lexus LS and Toyota Mirai

Toyota and Apex to accelerate development of computing platform for autonomous vehicles

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Apex.AI, an automotive software company, is partnering with Toyota’s Woven Planet Group to help the company create a production-ready autonomy stack for Arene, Toyota’s vehicle development platform to enable modern software development tools and best practices in the automotive industry. 

Toyota’s Woven Planet is using Apex.OS, an easy-to-use software development kit (SDK) for automotive and other safety-critical applications, including autonomous driving software.

Today’s vehicles are hardware-defined, and while they leverage existing advanced driver assistance systems (ADAS), they have dozens of components that are not integrated with each other. [Read more…] about Toyota and Apex to accelerate development of computing platform for autonomous vehicles