Woven by Toyota former CEO and Representative Director James Kuffner said, "This is a pivotal moment for the industry when software can accelerate our progress toward an advanced mobility society.

Woven by Toyota plays a critical role and our unique software platform will enable Toyota not only to build next generation BEVs, but also, expand the value of mobility across every aspect of our lives.

The fund is for investment in driverless car technologies, including "autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities".

Woven by Toyota CEO and Representative Director James Kuffner said the acquisition assembled "a dream team of world-class engineers and scientists to deliver safe mobility technology for the world".

[7] In July 2021, Woven by Toyota (then Woven Planet Holdings) also acquired CARMERA, Inc. CARMERA "specializes in sophisticated road mapping updates made cheaper and faster by using crowdsourced information obtained in real time from millions of net-connected Toyota vehicles".