Toyota banks on mobility technology for future growth

Renovo’s automated driving test fleet in California. Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc, a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving. — Renovo/Woven Planet via AP

TOKYO: Japanese automaker Toyota is revving up acquisitions in mobility technology, adding Renovo Motors Inc, a Silicon Valley software developer, to its Woven Planet team, which is working on automated driving.

The addition, announced Tuesday, follows the purchase earlier this year of Carmera Inc, a US venture that specialises in sophisticated road mapping updates made cheaper and faster by using crowdsourced information obtained from millions of net-connected Toyota vehicles.