New York, NY, August 03, 2022 – (SEAPRWire) – FUND THE PLANET, an environmental sustainability-focused blockchain company, is announcing the acquisition of 1261 acres (5.1 square kilometers) of rainforest real estate for its upcoming NFT (Non-Fungible Tokens) collection of Rainforest Tokens. Focused on helping organizations and consumers achieve their ESG goals and compensate for their negative environmental impacts. FUND THE PLANET is securing and preserving rainforest ecosystems while providing incentives, transparency, and rewards for rainforest token holders. Their mission is creating a fast scaling system, which will prevent further deforestation, degradation, and the collapse of the Amazon in order to fight climate change effectively on a large scale. The company has acquired over 2662 acres (10.78 square kilometers) of endangered rainforest since the company was founded in May 2021. The acquisition of this Amazonia rainforest real estate in the Sarayacu district of Peru will increase efforts to preserve rainforests by utilizing blockchain technology via NFTs (Non-fungible tokens). This gives organizations and consumers anywhere on the planet the opportunity to make a direct impact on the endangered ecosystem, reduce or offset their carbon footprint, and achieve specific SDG goals (Sustainable Development Goals). All with a straightforward purchase of its tokens, in complete transparency, and with ample proof of the positive impact at their fingertips. The preserved rainforest area can now be customized by business clients using FUND THE PLANET. This can be done through over-the-counter transactions by contacting FUND THE PLANET directly through the company’s website or other preferred payment channels. For individuals who cannot use cryptocurrencies, FUND THE PLANET now offers wire transfers and other payment methods. The proceeds from the sale of the rainforest token go toward the transparent method of preserving more rainforest and further sustainable investment. This initiative is geared toward the local communities, with the goal of impacting the local economy by creating job opportunities, rainforest ecotourism, and more. These projects are intended to discourage deforestation while also providing a sustainable alternative to the local community and incentivize everyone to protect their precious natural capital and fight against climate change. FUND THE PLANET has also launched the Rainforest Explorer alongside the Rainforest Tokens, a virtual interactive interface that shows the rainforest being preserved. It is open for the public to track the claimed impact of cooperative and individual token holders. It is a world map that contains ecological data such as carbon sequestered, freshwater produced, area protected by tokens, and a multitude of other important specifications about the rainforest parcel being conserved. This interface contains media including preservation work, property condition, and the FUND THE PLANET team’s groundwork while tracking subsequent progress as transparently as possible for individuals to follow up on. Rainforest Token holders can create a public, shareable, profile in the Rainforest Explorer to prove and display their positive impact. In the coming years, FUND THE PLANET will work to improve its position as a leading impact company that specializes in rainforest preservation. Offering people and organizations around the world the opportunity to reduce their carbon and ecological footprint sustainably, and have a direct stake in protecting endangered rainforest ecosystems. Regions with a history of heavy industrialization and pollution, such as Europe and the United States, are currently FUND THE PLANET’s target audience. About FUND THE PLANET. FUND THE PLANET is an environmental sustainability-focused and German-based blockchain company focused on rainforest preservation. The company is securing and preserving rainforest ecosystems while providing incentives, transparency, and rewards for rainforest token holders, with the aim of getting everyone involved in preserving nature and utilizing blockchain technology to make it possible at scale. This solution offers a better alternative to the local rainforest landowners that incentivizes the preservation of the ecosystem instead of destroying it, therefore protecting it from parties who intend on engaging in environmentally unsustainable activities on that rainforest real estate. The company fosters the protection of these lands and guarantees they remain untouched. Their mission is creating a fast scaling system, which will prevent the collapse of the Amazon and effectively fight climate change on a large scale. This company closely is aligned with the Sustainable Development Goals of the United Nation and is looking to redefine corporate and individual sustainability in our time. Social links Rainforest Explorer: https://explorer.fundtheplanet.net/intro Twitter: https://twitter.com/fundtheplanet LinkedIn: https://www.linkedin.com/company/fund-the-planet/ Instagram: https://www.instagram.com/fundtheplanet/ Medium: https://medium.com/@fundtheplanet Facebook: https://m.facebook.com/fundtheplanet/ Discord: https://discord.com/invite/Mnjw8CrXjA Media Contact Brand: FUND THE PLANET Contact: Media team E-mail: contact@fundtheplanet.net Website: www.fundtheplanet.net SOURCE: FUND THE PLANET The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. 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Tortola, British Virgin Islands, May 30, 2022 – (SEAPRWire) – In a radically different approach to handling an NFT sale, PlanetQuest, a game owned by Galactic Entertainment, has just launched its community friendly Planet Sale at planetquest.io. The Cinematic Multiverse and Blockchain Game, backed by Hollywood and Gaming talent, top tier investors and a community of over 215.000 Explorers, is pioneering a whole new sales approach that promises to eliminate gas wars, frustration and front running bots, while ensuring their first ever, real-time 3D Planet NFTs end up in the hands of deserving buyers and community members. After coming out of stealth on the 15th of December of 2021, PlanetQuest had already built a massive fanbase. With its interactive storyline, that saw community members voting to decide the fate of beloved characters, closing in on the end of its first season, an ancient artifact, known as The Cradle, has been discovered and activated, opening wormholes to unexplored galaxies, and setting the stage for the next phase of the PlanetQuest journey: The Community Planet Sale. In this sale, community members will be able to buy not just deeds to a piece of land, but entire planets, each of which completely unique, that can be viewed from orbit in full 3D, right in the browser. Making this one of the first, instantly accessible, real-time 3D NFTs ever sold. A new approach to NFT sales With demand exceeding supply by a large margin, first come, first serve NFT sales have led to massive gas wars, failed and hung transactions, frustration and crashing websites, as well as front-running bots getting their hands on NFTs intended for community members. Instead, PlanetQuest has teamed up with Immutable X to organize a Community Sale, giving interested parties plenty of time to decide which planets they’d like to buy and submit their application on the PlanetQuest website. After the application period closes, all entries will be ranked and planets will be allotted to the most deserving entries, with Immutable X providing gas-less purchases. “Since coming out of stealth, PlanetQuest has become an instant hit with the IMX community, leaving quite a few of our own team members addicted to its concept and storyline, and eagerly awaiting touching down on the first planets. We’re thrilled to see that, in part thanks to our technology, PlanetQuest is able to execute on its vision for a bot-less, gas-less, community friendly, Planet Sale.” – Robbie Ferguson, Co-founder of Immutable X. Boosting players’ chances For those looking to get their hands on a planet, there is three ways to boost their ranking: Joining the community and earning points on their Explorer Passport.Holding PlanetQuest Insignia NFTs, which are currently being traded on IMX.Writing a great motivation as part of the application process. All of these avenues will be open until the 7th of June, allowing both existing members of the community and new fans to boost their chances of nabbing one, or even several planets. Ready for a preview? Although every planet sold will be totally different, example previews of the differing planet tiers, from Common, all the way to Legendary, are now live on the PlanetQuest website, allowing would-be-buyers the opportunity to get a glimpse of what they’re in for. With surface level visuals of the first planets expected to go live in Q3 of this year, buyers no doubt have even more stunning visuals to look forward to. More than a collectible Naturally, the planets are much more than just a gorgeous 3D collectible, with players of the free-to-play game needing a home planet to play the game, planet owners will quite literally hold the keys to the PlanetQuest universe. Access to higher tier planets will be in particularly high demand as they provide players with additional bonuses allowing them and the planet’s owners to earn additional Quantum or $PQX, PlanetQuest’s token and in-game currency, which is expected to go public later this year, before the game enters Early Access in Q1 of 2023. Once opened up, Early Access will see players team up with their friends to venture out onto these uncharted planets, facing off against dangerous wildlife or worse yet, players of opposing factions, in their search for powerful gear, valuable quantum and extremely rare, planet altering artifacts. New to the universe? For those who didn’t discover PlanetQuest yet, there may be a lot to catch up on, as the massive community driven Cinematic Universe has been moving at quite the pace with new story drops, team member interviews and planet reveals occurring on a weekly basis. The community has, however, done a lot to help out new members, even going so far as to launch an incredibly detailed wiki at https://planetquestwiki.com as well as a PlanetQuest inspired newspaper known as The Quantum Chronicles. Immutable X prize pool To celebrate this first ever NFT Planet Sale, Immutable X has provided a community prize pool of 20.000 IMX tokens. Each valid application, even those that do not rank high enough to be awarded planets, will be entered into a raffle to win various prizes in the form of IMX tokens, from smaller prizes of 100-1,000 IMX to the grand prize of 10,000 IMX. For a chance at owning one of the first real-time 3D Planet NFTs, as well as shot at IMX token prizes, prospective planet owners can submit their Planet Sale application at https://planetquest.io. About Immutable X Immutable X is the first and leading Layer 2 scaling solution for NFTs to enable gas-free minting and trading, while not compromising the security of the most used blockchain globally for NFTs, Ethereum. The solution, powered by StarkWare’s innovative technology, offers instant trade confirmation, massive scalability (up to 9,000 transactions per second), and fantastic developer and user experience. Immutable X has announced integrations with established marketplaces such as OpenSea and Mintable, and is powering some of the largest NFT plays across consumer apps, social metaverse, gaming, and launchpad partners. To learn more about Immutable visit: https://www.immutable.com/ Immutable social media: LinkedIn, Twitter, Medium About PlanetQuest PlanetQuest, owned by Galactic Entertainment, is a cinematic multiverse and free-to-play blockchain game that, for the first time, offers players the opportunity to own entire planets. Built by a global team with a shared history in games, Hollywood and procedural technology, the game promises a multiplayer exploration and discovery experience, that has players touching down on foreign planets and fending off dangerous wildlife in their search for valuable, planet altering artifacts. Future players can already join the community, at planetquest.io, where they can participate in the planet sale, vote on a universe altering storyline and earn unique NFT rewards. Social Links: Twitter: https://twitter.com/JoinPlanetQuest Medium: https://medium.com/%40planetquestgame Linktree: https://linktr.ee/planetquest Media Contacts Brand: PlanetQuest Contact: Mohannad Khallouf, Vice-President of Marketing E-mail: press@galacticentertainment.com Website: https://planetquest.io; https://galacticentertainment.com/ SOURCE: PlanetQuest The article is provided by a third-party content provider. SEAPRWire ( www.seaprwire.com ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )
TOKYO & LONDON, Dec 14, 2021 - (JCN Newswire via SEAPRWire.com) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and Planet, a global integrated payments leader, announced the expansion of their European partnership.This new deal ensures Planet will perform as a JCB acquirer across European territories for both face-to-face and ecommerce transactions, including JCB Contactless, with J/Secure(TM) 2.0-enabled ecommerce to be offered online in early 2022.Planet provides integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, VAT refund and currency conversion services to merchants in the retail, hospitality, food and beverage, parking, and financial sectors. As of today, Planet serves over 70 markets, having over 100 bank partners, and over 600,000 merchant partners[1].With many of Planet's merchants in the hospitality, food, and beverage industries, JCB's 140 million cardmembers will benefit from being able to enjoy travel-related and everyday spending when travelling to Europe when travel restrictions lift.JCB and Planet first entered into partnership in 2003 and have since expanded to cover multiple regions including across Europe, Middle East, and Asia.Nick Fisher, General Manager, Sales and Marketing UK, JCB International (Europe) Ltd., said: "As long-standing partners of Planet, we are honoured to be invited to join its new growth journey to strengthen Planet's position as a competitive player in the European market. As Planet looks to grow its merchant base, it's important that we ensure our partnership grows to offer our cardmembers even more opportunities to spend in Europe."Steve O'Donovan, Chief Payments Officer at Planet, said: "JCB has been a valued partner of ours for many years, connecting us with their 140 million global cardmembers who like to spend with our merchants. This new evolution of our partnership opens up even more opportunities for our merchants to accept payments and encourage spending."[1] 'Planet at a glance' section on Planet's website - https://www.planetpayment.com/en/home/, Accessed 20.10.2021JCB Contactless https://www.global.jcb/en/products/payment-solution/contactless/index.htmlJ/Secure(TM) https://www.global.jcb/en/products/security/jsecure/About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 36 million merchants across the world. JCB Cards are now issued mainly in Asian countries and territories with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality services and products to all customers worldwide. For more information: www.global.jcb/en/ About PlanetPlanet is a revenue generating payments service and technology provider. Planet provides integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, VAT refund and currency conversion services. Planet helps businesses meet the needs of their customers by simplifying complex payments, helping people spend freely. Planet serves 600,000 merchants and 100 partner banks across more than 70 markets on five continents. Planet is co-owned by Advent International and Eurazeo. Find out more here: https://www.planetpayment.com CONTACTS:JCB Press Office (JCB International/Europe)Contact: India Stone, PR and Communications ExecutiveEmail: istone@jcbeurope.euPhone: +44 020 7087 4754JCB (Head Office in Japan)Contact: Ayaka NakajimaEmail: jcb-pr@jcb.co.jpPhone: +81 3 5778 8353Planet Press contact:Dan Purvis, Senior Director Marketing Communicationsdan.purvis@planetpayment.com+44 (0)7823 555921 Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Oct 19, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Capital, L.P., the investment arm of the Woven Planet Group, a Toyota subsidiary that is dedicated to building the safest mobility in the world, today announced that it has made an investment in UP.Partners' newly launched $230M venture capital fund. The fund is dedicated to supporting early-stage companies that are transforming the moving world. UP.Partners' focus is well aligned with Woven Capital, which 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."Transforming mobility through technology is central to the mission of Woven Planet, and UP.Partners' investment strategy is in complete lockstep," said Betty Bryant, Principal, Woven Capital. "Woven Capital is excited to invest in UP.Partners' fund as they encourage entrepreneurs who are focused on wide-ranging solutions that allow people, goods and information to move more seamlessly, cost-effectively, and sustainably than ever before, benefiting humanity and the health of the planet for all.""The investment from Woven Capital is a significant endorsement of our unwavering commitment to the future of mobility," said Ben Marcus, Co-Founder & Managing Partner, UP.Partners. "We see artificial intelligence, advanced sensors, edge computing, fuel cells, batteries, additive manufacturing, and other emerging technologies serving as the foundation of a new era of transportation--one that is cleaner, faster, lower cost, and more accessible for all."UP.Partners has already made ten investments to companies including leading flight autonomy company Skydio, manufacturing quality assurance leader UnitX, and electric vertical aircraft developer Beta Technologies.About Woven CapitalWoven Capital is an $800 million global investment fund that supports growth-stage companies focused on technology and innovation in mobility. It was founded in 2021 as the corporate venture capital investment arm of the Woven Planet Group, a group of subsidiaries of Toyota. Woven Capital invests in mobility technologies, automation, artificial intelligence, data and analytics, connectivity, and smart cities globally.About Woven Planet GroupWoven Planet Group represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development ("TRI-AD"), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.For more information, please visit: https://www.woven-planet.global/About UP.PartnersTransportation is the underlying fabric of society. UP.Partners invests in the pioneering entrepreneurs who are creating the key enabling technologies that help move people and goods cleaner, faster, safer, and more efficiently--in a multi-dimensional world. We partner with some of the world's most innovative investors and companies--including Alaska Airlines, ARK Invest, and Woven Capital, the investment arm of Toyota subsidiary Woven Planet Group--and via the UP.Summit convene the mobility community's brightest minds each year to help humanity go UP. Together we are transforming the moving world. For more information, visit UP.Partners or follow us on Twitter @UpPartnersVC or LinkedIn.Contact:Woven Planet Holdings, Inc.pr@woven-planet.global Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO & LONDON, Oct 12, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Capital, L.P., the investment arm of the Woven Planet Group, a Toyota subsidiary that is dedicated to building the safest mobility in the world, today announced that it has made an investment in the Climate Technology Sustainability Fund of 2150 (a.k.a. 2150). 2150 is a London and Copenhagen-based venture capital firm investing in technology companies that seek to reimagine the urban environment and reshape it sustainably. 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."2150 recognizes that a dramatic rethinking of the urban environment is required to fuel a strong economic and environmental future," said Michiko Kato, Principal, Woven Capital. "The technologies that they have already backed have the potential to mitigate over 1.6 gigatons of CO2 emissions. Toyota is committed to the global goal of achieving carbon neutrality by 2050 and we are excited to serve as a partner to 2150 and the entrepreneurs they support to build on these efforts and tackle the sustainability issues that confront our urban landscape.""As the United Nations has stated, the battle on climate change will be won or lost in our cities," said Nicole LeBlanc, Partner, Platform, 2150. "Woven Capital's investment will help us take on critical sustainability challenges in the built environment. We are actively working with entrepreneurs who are pioneering solutions that will help all of us rethink and recast urban communities to ensure an environmentally-sound tomorrow."Launched in February 2021, 2150 uses technology, data, and tools to help reduce the carbon footprint of the world's cities and improve the health, safety, and productivity of people who live and work in urban environments. The fund invests across all layers of city infrastructure from the materials used, to the efficiency algorithms, sensors, and software that facilitate construction automation.About Woven CapitalWoven Capital is an $800 million global investment fund that supports growth-stage companies focused on technology and innovation in mobility. It was founded in 2021 as the corporate venture capital investment arm of the Woven Planet Group, a group of subsidiaries of Toyota. Woven Capital invests in mobility technologies, automation, artificial intelligence, data and analytics, connectivity, and smart cities globally.About Woven Planet GroupWoven Planet Group represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development ("TRI-AD"), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.For more information, please visit: https://www.woven-planet.global/About 21502150 is a venture capital firm investing in technology companies that seek to sustainably reimagine and reshape the urban environment. 2150's investment thesis focuses on major unsolved problems across what it calls the 'Urban Stack', which comprises every element of the built environment, from the way our cities are designed, constructed and powered, to the way people live, work and are cared for.For more information, please visit: www.2150.vcContact:Woven Planet Holdings, Inc.pr@woven-planet.global Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
Tokyo, Japan, New York, NY and Seattle, WA, Aug 18, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of CARMERA, a U.S.-based spatial AI company that specializes in developing scalable, next-generation mapping solutions for automated mobility, a proposed transaction previously announced in July 2021. Following its acquisition of Level 5, the automated driving division of Lyft Inc., this is the second acquisition for Woven Planet, a group that is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more.The CARMERA team has been a long-standing, trusted partner to Woven Planet, and with the closing of the transaction, Woven Planet will immediately oversee their offices and operations in New York and Seattle. They will join Woven Planet's Automated Mapping Platform ("AMP") team, helping develop AMP to become the most globally comprehensive road and lane network HD map platform, enabling high-precision localization support to automated vehicles. CARMERA's strengths in map updates, change management and camera-based crowdsourcing from fleets will complement and help expand upon the HD mapping platform Woven Planet has already built. Together with Level 5 and Toyota Research Institute ("TRI"), the addition of CARMERA will bring Woven Planet one step closer to achieving its vision "Mobility to Love, Safety to Live."The deal closure follows the Committee on Foreign Investment in the United States (CFIUS) review of the deal.Comment from James Kuffner, CEO, Woven Planet"This acquisition will accelerate our AMP initiative that will advance our mission to develop the safest mobility in the world at scale. Bringing CARMERA's world-class engineers and experts into the fold--as well as additional technology resources and footprints in New York and Seattle--the Woven Planet team, alongside the team of TRI and Level 5, will help us reach our goal of providing the best globally comprehensive road and lane network HD map platform. We will transform the world we live in through mobility technologies that can bring about a happier, safer future for us all."About Woven Planet GroupWoven Planet Group represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development ("TRI-AD"), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha and Woven Capital.For more information, please visit: https://www.woven-planet.global/About CARMERACARMERA is a spatial AI company, built on the revolution of vehicular crowdsourcing and remote sensing to capture street-level change, at global breadth and high definition depth. CARMERA employs an open systems approach to working with the world's leading automotive companies, commercial mobility operators, and mapping platforms. With a team hailing from leading geospatial, machine learning and computer vision organizations, and venture backing from Google Ventures among others, the company is headquartered in New York City and Seattle. CARMERA is the recipient of multiple industry awards, including Frost & Sullivan's 2020 North American Mapping Company of the Year.For more information, please visit: https://www.carmera.com/ContactWoven Planet Holdings, Inc.pr@woven-planet.global Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Jul 20, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021. This marks the first acquisition for Woven Planet, a group that is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more.With the acquisition in place, Woven Planet will be provided with technology, talent, and an international footprint that will accelerate its efforts. Woven Planet will immediately oversee Level 5's offices and operations in Silicon Valley and London. In addition, Woven Planet welcomes Level 5's team of over 300 high-caliber engineers, research scientists, and mobility specialists. It will also be acquiring the Lyft division's significant sensing, computing, and software assets, and Level 5's strategic capabilities in automated driving systems.The deal closure follows the Committee on Foreign Investment in the United States (CFIUS) review of the deal and determination that there are no unresolved national security concerns with respect to the transaction.Comment from James Kuffner, CEO, Woven Planet"As the first major acquisition for the Woven Planet Group, Level 5 represents a significant investment in our future. This deal strengthens our capabilities to deliver on the promise of freedom and mobility for all, uniting the resources, talent and technology needed to place us at the forefront of the mobility revolution. World-class skills and expertise from Level 5 will be combined with exceptional engineering know-how from Woven Planet and research insights from the team at Toyota Research Institute to form an industry brain trust. We are excited to bring this acquisition over the finish line, building a 'dream team' within the automotive and mobility industry."About Woven Planet GroupWoven Planet Group represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.For more information, please visit: https://www.woven-planet.global/About LyftLyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Lyft's transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. Lyft is singularly driven by our mission: to improve people's lives with the world's best transportation.Contact:Woven Planet Holdings, Inc.pr@woven-planet.global Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Jul 15, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the acquisition of CARMERA, Inc. ("CARMERA"), a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale. This is the second major deal for Woven Planet in North America, following the April 2021 announcement to acquire Level 5, the self-driving division of Lyft.Once the deal is closed, the CARMERA team will report into the Automated Mapping Platform ("AMP") organization of Woven Alpha, Inc. ("Woven Alpha"). Woven Alpha focuses on exploring new strategic areas for business expansion and incubates several innovative projects such as Woven City and Arene, which is Woven Planet's open software platform. AMP is a connected crowdsourced software platform that supports the creation, development and distribution of high definition ("HD") maps--a key enabler for smart and safe automated mobility.The Woven Alpha team plans to develop AMP to become the most globally comprehensive road and lane network HD map platform, enabling high-precision localization support to automated vehicles. The acquisition of CARMERA will accelerate AMP's shift from the R&D stage to the next phase of commercialization by bolstering the platform's engineering team with top experts in the development of HD maps. In addition, it will provide access to CARMERA's sophisticated map update, change management and IoT sensing technology.Together, the teams will tap into CARMERA's ability to successfully update HD maps from crowdsourced, camera-based inputs--a significantly cheaper and faster approach than traditional methods. This will strengthen AMP's ability to serve a comprehensive set of road classes and features, reflecting changes in lane markings, traffic signals, signs and more in near real-time, and support its future multi-regional commercial launch.CARMERA will join Woven Planet Group as a wholly-owned subsidiary, expanding the company's footprint beyond its Tokyo headquarters by adding New York and Seattle offices to its planned offices in Silicon Valley and London.Comment from Mandali Khalesi, Vice President of Automated Driving Strategy and Mapping, Woven Planet"AMP has been a key project of Woven Planet since its foundation, helping support its vision of 'Mobility to Love, Safety to Live.' We've been progressing steadily in bringing safe automated mobility to the passenger and commercial vehicle segments, such as our recent announcements with Isuzu Motors Limited and Hino Motors, Ltd., and with Mitsubishi Fuso Truck and Bus Corporation. I'm really excited to welcome CARMERA to Woven Planet. With CARMERA joining the team, we'll be able to hit the accelerator. CARMERA's software stack, which is focused on real-time HD map changes and proprietary hardware custom-tailored to crowdsourcing, is an ideal complement to AMP's mapping efforts. In addition, their world-class experts will allow us to bring forward the execution of key strategic milestones and jumpstart operations in the United States."Comment from Ro Gupta, CEO and Co-founder, CARMERA"Woven Planet and AMP have been highly aligned with CARMERA's culture and mission from the beginning. Our teams have a common view of the unmet need for ubiquity in advanced mobility data going forward, including maps. Woven Planet, thanks to its software-first automotive DNA, shares our commitment to the end-user--to creating a technology stack that can be used safely and without friction by all stakeholders from data originators through to data consumers. This validates and furthers our founding thesis that richer, faster spatial intelligence is both critical to the next generation of 'Mobility for All' and viable at global-production scale. I'm beyond excited for CARMERA to join the Woven Planet organization, as it continues to strengthen its footprint in North America and ramp up its software-first development of mobility innovations."An earlier partnership between Woven Planet--under its predecessor organization Toyota Research institute - Advanced Development, Inc.--and CARMERA in Tokyo, Detroit and Ann Arbor, Michigan, laid the groundwork for this deal. Woven Planet and CARMERA participated in collaborative projects in 2018, 2019 and 2020, which proved the companies can successfully develop and update HD maps from commodity, device-agnostic sources, such as commercially available dashboard-mounted cameras.About Woven Planet GroupWoven Planet Group represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet Group is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.For more information, please visit: https://www.woven-planet.global/About CARMERACARMERA is a spatial AI company, built on the revolution of vehicular crowdsourcing and remote sensing to capture street-level change, at global breadth and high definition depth. CARMERA employs an open systems approach to working with the world's leading automotive companies, commercial mobility operators, and mapping platforms. With a team hailing from leading geospatial, machine learning and computer vision organizations, and venture backing from GV (Google Ventures) among others, the company is headquartered in New York City and Seattle. CARMERA is the recipient of multiple industry awards, including Frost & Sullivan's 2020 North American Mapping Company of the Year.For more information, please visit: https://www.carmera.com/ Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Jun 23, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Alpha, Inc. ("Woven Alpha"), a group company of Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation ("Toyota"), has agreed to collaborate with Mitsubishi Fuso Truck and Bus Corporation ("MFTBC") to explore and advance safety for Advanced Driver Assistance Systems ("ADAS") with its Automated Mapping Platform ("AMP"). The initiation of this relationship between Woven Alpha and MFTBC marks another cross-industry collaboration with a commercial vehicle manufacturer outside the Toyota Group. Together the companies are conducting both lab-based and field test research for the development and deployment of improved safety functionality.This collaboration will explore the technical requirements of using AMP with MFTBC ADAS as well as the advantages of using AMP high definition ("HD") maps over conventional maps. Between the two companies, over 10 distinct use cases have been identified. The first Proof of Concept ("PoC") will focus on the application of AMP to provide an accurate Entering Curve Speed Warning ("ECSW") developed by MFTBC using their heavy-duty Super Great trucks. The results of this research will set the baseline for one of the ADAS performance upgrades available for commercial vehicles. This technology will help open up more exciting opportunities for collaboration with users and vehicle manufacturers outside the Toyota Group who are interested in taking advantage of enhanced mapping information to fully realize ADAS and automated driving functionality in their vehicles.Collaboration between Woven Alpha and MFTBC with AMPOverviewThe traditional solution for safety systems that use mapping technology has been to leverage navigation maps due to their relatively low cost. However, the lack of real-time updates means these maps are usually months out of date which can be dangerous for vehicles with higher levels of autonomy. In addition, their low accuracy in the order of meters makes it difficult to develop precise applications that operate safely at the lane level. Navigation maps also do not contain semantics, in other words, the relationship between road objects, such as between lanes on a road. Additionally, while it is relatively straightforward to deploy survey vehicles to generate the initial mapping data, the instruments are highly specialized and often expensive to operate. This leads to map maintenance being costly and time-consuming, further reducing the updates that can be deployed economically to end-users.However, the real world does not stand still. Regular changes to road markings, road geometry, or structural changes resulting from construction need to be reflected quickly into the HD maps in order for ADAS and automated driving functions to operate safely. AMP has been developed to solve these issues by automating the fusion of near real-time data from vehicle fleets and wide area coverage satellite and aerial imagery and dramatically improving map update frequency, coverage, and cost.Supporting MFTBC's ECSW feature is a great example of AMP providing immediate benefit to driver and vehicle safety. As part of the first PoC, both companies will test this feature that predicts the safest speed and gives advanced warning on how to approach an upcoming sharp curve, based on the vehicle's condition. The ability of the system to anticipate road and lane conditions ahead is particularly important for commercial vehicle drivers in order to avoid accidents. Through high-accuracy, low-cost, and up-to-date semantic HD maps, AMP aims to provide significantly improved driver awareness, system redundancy, and overall road safety.Comment from Mandali Khalesi, Vice President of Automated Driving Strategy and Mapping, Woven Planet"I am delighted to collaborate with Mitsubishi Fuso Truck and Bus Corporation, one of the leading truck and bus makers in Japan, perfectly suited to push the envelope on the safety of commercial vehicles. Our work is not only about getting people and goods from A to B, it is about saving people's lives and reducing the burden on the driver. Over the last few years, we have been working on developing highly accurate semantic HD maps updated automatically, frequently, and inexpensively. We are building the platform to be highly scalable and open to future collaboration with global manufacturers of all sizes. This is the first step in our commitment to helping maximize safety for commercial vehicles."Comment from Hironobu Ando, Senior Vice President, Head of Product Engineering, MFTBC"We at MFTBC approach automated driving assistance technology, and the autonomous driving technology beyond that, as a strategic point of focus in producing safer commercial vehicles. We are doing the utmost to develop these technologies, because we believe that they will soon be indispensable in our world. Woven Alpha's AMP has the potential to be an important part of this future, and we are therefore convinced that the joint research will prove to be mutually beneficial. We hope to participate in active knowledge-sharing with our partners to the maximum extent possible, for the ultimate goal of safer roads everywhere."About Woven Planet GroupWoven Planet Group (Woven Planet) represents a carefully curated blend of expertise and resources dedicated to bringing the vision of "Mobility to Love, Safety to Live" to life. Through innovations and investments in automated driving, robotics, smart cities, and more, we are transforming how humankind lives, works, and moves. We exist to design, build, and deliver secure, connected, and sustainable mobility solutions that benefit all people worldwide. Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet is comprised of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.For more information, please visit: https://www.woven-planet.global/MFTBC at a GlanceBased in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia's leading commercial vehicle manufacturers, with 89.29% of its shares owned by Daimler Truck AG and 10.71% by various Mitsubishi group companies. An icon in the Japanese commercial vehicle industry with a longstanding history of more than 85 years with its Fuso brand, MFTBC manufactures a range of commercial vehicles including light, medium, and heavy-duty trucks and buses, and industrial engines for over 170 markets worldwide. In 2017, MFTBC introduced the eCanter, the first all-electric light-duty truck in series-production and in 2019, the Super Great--Japan's first heavy-duty truck fitted with Level 2 Automated Driving Support Technology, a benchmark in the Japanese commercial vehicle market. MFTBC operates under the umbrella of Daimler Trucks Asia, together with its partner organization Daimler India Commercial Vehicles (DICV) in India. This strategic unit allows the entities to collaborate on areas such as product development, parts sourcing and production to provide the best value to customers.Contact:Woven Planet Holdings, Inc.Public Relationspr@woven-planet.globalhttps://www.woven-planet.global/ Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
San Francisco and Tokyo, Jun 17, 2021 - (ACN Newswire via SEAPRWire.com) - Woven Capital, L.P. today announced that it has made an investment in Ridecell Inc., a leading 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 is dedicated to building the safest mobility in the world. Along with the investment, Ridecell and the Woven Planet Group will explore collaborative opportunities in mobility service operations."Ridecell is accelerating the digital transformation of a key part of the mobility industry--creating a comprehensive platform that connects fleets and automates workflow at scale," said Michiko Kato, Principal, Woven Capital. "We are excited to invest in Ridecell and explore collaborative opportunities together, as we continue to focus on innovative technology that delivers safe, secure, efficient, and seamless mobility for all.""This investment with Woven Capital will be highly strategic as Ridecell continues to expand into new markets," said Aarjav Trivedi, founder, and CEO of Ridecell. "We are excited to have Woven Capital as our investor to bring Ridecell automation and mobility innovations that use automation and digital vehicle control to help create safe and secure mobility."Ridecell's automation and mobility platform allows businesses to create a unified view of their vehicle fleets from deployed telematics, fleet management, and internal systems and use the consolidated insights to automate business and operational workflows. The platform furthers digital transformation and turns data overload into automated and efficient business operations.About Woven CapitalWoven Capital is an $800 million global investment fund that supports growth-stage companies focused on technology and innovation in mobility. It was founded in 2021 as the corporate venture capital investment arm of the Woven Planet Group, a group of subsidiaries of Toyota. Woven Capital invests in mobility technologies, automation, artificial intelligence, data and analytics, connectivity, and smart cities globally.About the Woven Planet GroupThe Woven Planet Group is on a mission to design a happier planet through secure, connected mobility solutions. Originally founded in 2018 as Toyota Research Institute - Advanced Development, the company was expanded to the Woven Planet Group dedicated to bringing its vision of "Mobility to Love, Safety to Live" to life. Under this shared goal the four companies of the Woven Planet Group, Woven Planet Holdings, Woven Core, Woven Alpha and Woven Capital are transforming how people live, work, and move through new innovations and investment in automated driving, robotics, smart cities, and more. For more information, please visit: https://www.woven-planet.global/About RidecellRidecell Inc. is leading the way in the digital transformation of fleet businesses and operations. Our IoT-driven automation and mobility platform helps businesses modernize and monetize their fleets by combining data insights with digital vehicle control to turn today's manual processes into automated workflows. The result is unmatched levels of efficiency and control for shared services, motorpool, rental, and logistic fleets.Today Ridecell powers some of the most successful fleet businesses in cities across Europe and North America, including Gig Car Share from AAA. Ridecell is headquartered in San Francisco, with offices in Madrid, Paris, Berlin, and Pune, India. Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, May 10, 2021 - (JCN Newswire via SEAPRWire.com) - ENEOS Corporation (ENEOS) and Toyota Motor Corporation (Toyota) announced that they have agreed on a new partnership to explore the utilization and application of hydrogen energy at Woven City, the prototype city of the future that Toyota has started to develop in Susono City, Shizuoka Prefecture. ENEOS and Toyota, together with Woven Planet Holdings (Woven Planet), a subsidiary of Toyota, leading the Woven City project, intend to conduct testing and demonstration in areas related to a hydrogen-based supply chain, from production, delivery to usage of hydrogen, in and around Woven City. Through this effort, they aim to help achieve a carbon-neutral society by 2050 as Japan and many other countries around the world have committed.ENEOS is a leading company in the hydrogen business, operating 45 commercial hydrogen refueling stations in the four major metropolitan areas in Japan. In anticipation of a fully hydrogen mass-consumption society and to promote the overall low-carbon use of energy, ENEOS is also developing technologies that facilitate hydrogen production and building an entire supply chain based on CO2-free hydrogen.Positioning hydrogen as one of the most viable clean energy sources in the future, Toyota has invested in hydrogen and fuel cell technology and its popularization through efforts to apply the technology in various mobility including passenger cars, commercial vehicles, industrial vehicles (e.g. forklifts), trains, and ships, as well as stationary generators.The aim of this project is to build a society in which people can enjoy a happy, healthy, and sustainable life. Through this partnership, the companies are leveraging each other's expertise and experience to fully explore hydrogen's potential. At Woven City, they intend to promote carbon neutrality in everyday mobility, people's lives, and within the infrastructure of the city itself as well as to raise awareness of hydrogen among resident families and visitors.Woven Planet is responsible for the planning of Woven City with Toyota and the following four areas are to be explored by the companies through this unprecedented collaboration:1. ENEOS to establish and operate a hydrogen refueling station in close proximity to Woven City.2. ENEOS to produce "green hydrogen," hydrogen derived from renewable energy, at the aforementioned station and to supply Woven City using stationary fuel cell generators to be installed within the city by Toyota.3. Promote the use of hydrogen-powered fuel cell mobility for logistics in and nearby Woven City. Validate a base unit* of hydrogen demand for those mobility logistics as well as build a supply and demand management system.4. Conduct joint advanced research on hydrogen supply at the demonstration hub to be established within Woven City.Katsuyuki Ota, president of ENEOS said, "We strongly support Toyota's bold vision for demonstrating technologies of the future through Woven City and are delighted to participate in the project. We believe that hydrogen energy will play an integral role in the realization of carbon neutrality on a global scale and that Toyota is at the forefront of developing a fully hydrogen-based society. By working together with Toyota to fully explore hydrogen's potential, we believe we can make a significant contribution to the creation of new hydrogen-based lifestyles. I sincerely hope that by demonstrating Woven City's approach across the globe, we can accelerate our progress toward a new, more sustainable energy future."Akio Toyoda, President and CEO of Toyota Motor Corporation, said, "We are very pleased to have ENEOS as our core partner to validate the hydrogen society in Woven City. As Japan's leading integrated energy company, ENEOS has demonstrated its valuable expertise in all vital processes from hydrogen production to sales and we are confident they have the holistic perspective we require for success. To realize a hydrogen-based society, in addition to the evolution of individual technologies, it is essential to seamlessly integrate all the processes of production, delivery, and use. We will continue to work with ENEOS and the local community to develop the base unit of hydrogen throughout Japan and around the world. Our "Human-Centered approach" to the real world of Woven City will help us fully explore the practical details of hydrogen-based lifestyles and technologies."Woven City is pioneering a profound evolution in how societies of the future will live, work, and play. Three fundamental concepts are critical to its development; "Human-Centered" respect for individuals and prioritization of their needs and preferences; "Living Laboratory" which enables seamless real-world testing of new technologies such as hydrogen; and an "Ever-Evolving city" in which such new technologies and services continuously grow and improve.Together with ENEOS and many other like-minded companies, researchers, and inventors around the world, Toyota and Woven Planet are working to accelerate their efforts to build a city for happiness.*The "base unit" is a standard of measurement required to ensure a result that is both practically valuable to users and commercially viable.About ENEOS CorporationUnder ENEOS Holdings, Inc., the ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group's envisioned goals for 2040 are: becoming one of the most prominent and internationally-competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group's envisioned goals through a broad range of energy businesses.https://www.hd.eneos.co.jp/english/https://www.eneos.co.jp/english/About Toyota Motor CorporationToyota Motor Corporation (Toyota) (NYSE: TM) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 28 countries and regions, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries and regions under the brands Toyota, Lexus, Daihatsu and Hino.For more information, please visit https://global.toyota/enAbout Woven PlanetAt Woven Planet Group, we are on a mission to design a happier planet through secure, connected mobility solutions. Starting business in January 2021, Woven Planet Group is an expansion of the operations of Toyota Research Institute - Advanced Development, dedicated to bringing its vision, "Mobility to Love, Safety to Live" to life. Under this shared goal, our four companies, Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital are transforming how people live, work, and move through new innovations and investment in automated driving, robotics, smart cities, and more.For more information, please visit https://www.woven-planet.global/ Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
TOKYO, Apr 27, 2021 - (JCN Newswire via SEAPRWire.com) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world. This marks the first major deal for the newly established Woven Planet.The deal will bring together world-class scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute, Inc. ("TRI") already working together with Woven Planet. The resulting combined "dream team" of approximately 1,200 will represent one of the most diverse, well-resourced and talented groups in this field.Today's announcement places Woven Planet at the center of the connected and automated driving movement by providingTalentan international team of top-tier engineers, research scientists, and domain experts in mobility services.Technologya robust set of sensing, computing, and software assets, and strategic capabilities in automated driving systems.International Footprintonce the acquisition is complete, Woven Planet will have an expanded footprint beyond its Tokyo headquarters, with offices and engineering teams in Palo Alto, CA and London, UK.In addition to the acquisition of Level 5, Woven Planet and Lyft have signed commercial agreements for utilization of the Lyft system and fleet data to accelerate the safety and commercialization of the automated-driving technology that Woven Planet will develop.Lyft will receive approximately $550 million in cash, with $200 million paid upfront subject to certain closing adjustments and $350 million of payments over a five-year period.As a result of this transaction, Woven Planet will accelerate revolutionizing the world of mobility and realize its mission of "Mobility to Love, Safety to Live," fueling a broader vision of human happiness and well-being on the planet Earth.Comment from James Kuffner, CEO, Woven Planet"This acquisition advances our mission to develop the safest mobility in the world at scale. The Woven Planet team, alongside the team of researchers at TRI, have already established a center of excellence for software development and technology in the Toyota Group. Bringing Level 5's world-class engineers and experts into the fold―as well as additional technology resources--will allow us to have even greater speed and impact. This deal will be key in weaving together the people, resources, and infrastructure that will help us to transform the world we live in through mobility technologies that can bring about a happier, safer future for us all."Comment from Logan Green, CEO, Lyft"Today's announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. Lyft has spent nine years building a transportation network that is uniquely capable of scaling autonomous vehicles. This deal brings together the vision, talent, resources and commitment to advance clean, autonomous mobility on a global scale."Comment from George Kellerman, Head of Investments & Acquisitions, Woven Planet"With the acquisition of Level 5, Woven Planet is driving towards its mission to combine the innovative culture of Silicon Valley with world-renowned Japanese craftsmanship to create the mobility solutions of the future. This acquisition significantly accelerates our ability to bring technology solutions forward with an influx of exceptional engineers and leading-edge technology. It also provides a solid foundation for international expansion and future hiring efforts in the world's strongest talent markets. We aim to become the center of interconnected mobility systems, weaving together a variety of technologies and partnerships extending far beyond the automotive industry. This acquisition marks the first in a coordinated strategy to consolidate leading technologies and talent to help realize this vision."Comment from Luc Vincent, Executive Vice President, Autonomous Technology, Lyft"Both Woven Planet and Level 5 are focused on improving mobility through technology, bringing about a future that benefits people around the world. With this deal in place, I am very excited that the Level 5 team will be better positioned than ever to deliver on its long term mission to bring autonomous vehicles to market. As part of Woven Planet, we will be able to leverage exceptional automotive engineering expertise as well as the considerable resources of an iconic business, while continuing to move with the energy and speed of a start-up. It is exhilarating to be part of this new venture, expanding our mission and building the foundational technology that will support mobility and the smart cities of tomorrow."About Woven Planet GroupAt Woven Planet Group, we are on a mission to design a happier planet through secure, connected mobility solutions. Starting business in January 2021, Woven Planet Group is an expansion of the operations of Toyota Research Institute - Advanced Development, Inc. dedicated to bringing its vision, "Mobility to Love, Safety to Live" to life. Under this shared goal, our four companies, Woven Planet Holdings, Woven Core, Woven Alpha and Woven Capital are transforming how people live, work, and move through new innovations and investment in automated driving, robotics, smart cities, and more.For more information, please visit https://www.woven-planet.global/ About LyftLyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada. As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change. Our transportation network brings together rideshare, bikes, scooters, car rentals and transit all in one app. We are singularly driven by our mission: to improve people's lives with the world's best transportation. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)
Toyota City, Japan, Mar 2, 2021 - (JCN Newswire via SEAPRWire.com) - Toyota Motor Corporation (TMC) announced today that it plans to issue "Woven Planet Bonds" to raise funds for projects that contribute to the U.N. Sustainable Development Goals (SDGs). The maximum issuance amount is planned to be a combined total of approximately 500 billion yen of yen-denominated and foreign currency-denominated bonds.The automobile industry is entering a once-in-a-century transformational period. Taking advantage of this opportunity, TMC is transforming itself from an automobile manufacturing company into a mobility company. Through its effort to evolve, TMC hopes to provide society with greater value and contribute to the achievement of the SDGs through its business activities.In addition to initiatives to solve social issues related to safety and the environment, TMC has been advancing initiatives for building a mobility society of the future. To raise funds necessary for such initiatives and accelerate its SDG initiatives, TMC plans to issue its Woven Planet Bonds.TMC's Woven Planet initiatives represent the company's determination to move step by step toward the future in the Toyota Philosophy spirit of "doing things for someone other than ourselves", which TMC has safeguarded and nurtured since its founding, and the SDG spirit of "leaving no one behind".The "Woven" of Woven Planet stems from the founding spirit that Sakichi Toyoda--Toyota Group's founder--had of "wanting to help his mother and others" when he invented the Toyoda automatic loom that led to the establishment of TMC. It also means to "weave" together the "streets" that are necessary to support the development and implementation of autonomous driving and mobility services. TMC will aim to create new services and products by connecting goods, information, and cities through software and connected technology centered on people.Meanwhile, the "Planet" of Woven Planet comes from the ambition to leave a beautiful home for the next generation, which embodies the global perspective that Earth is our "home planet", similar to our hometown or home country, and the people that live on this planet contribute to the future. Instead of conflicts, if each individual were united with the simple idea of "wanting to use one's strength for others", TMC believes this would contribute to achievement of the SDGs.Based on these ideas, TMC will continue to work on creating a better world, as envisioned by the SDGs and the international community. Copyright 2021 JCN Newswire. All rights reserved. www.jcnnewswire.com