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Toyota Research Institute – Advanced Development forming Woven Planet Holdings and two new operating companies

Effective January 2021, Toyota Research Institute – Advanced Development, Inc. will expand and improve its operations into a holding company and two operating companies. The holding company will be Woven Planet Holdings, Inc. and the two operating companies under it will be Woven CORE, Inc., which will develop, implement and scale automated driving technologies at its core; and Woven Alpha, Inc. (“Woven Alpha”), which will explore new business opportunities and incubate innovative projects that go beyond today’s Toyota Motor Corporation such as Woven City, Arene, and Automated Mapping Platform.

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