Toyota strengthens autonomous vehicle play with Carmera acquisition

Carmera and Toyota collaborated on a mapping project in Detroit in 2019. Less than three months after acquiring Lyft's autonomous vehicle unit for $550 million, Toyota subsidiary Woven Planet Holdings made another acquisition to strengthen its position in the market. Woven Planet is acquiring HD mapping startup Carmera for an undisclosed amount. Carmera and Toyota are already quite familiar with each other. The companies collaborated on multiple projects from 2018-2020 in Detroit, Michigan, and Japan.