Toyota’s Woven Capital Invests in Ridecell for Mobility Services

Woven Capital* today announced that it has made an investment in Ridecell Inc., a platform powering digital transformations and Internet of Things automation for fleet-driven businesses. It is the investment arm of the Woven Planet Group, a Toyota subsidiary, which is aims to building the “safest mobility in the world.” 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,” claimed Michiko Kato, Principal, Woven Capital.

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.”

*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.”

** The Woven Planet Group was originally founded in 2018 as Toyota Research Institute – Advanced Development. The , the company was expanded to the Woven Planet Group “dedicated to bringing its vision of Mobility to Love, Safety to Live.” Under this shared goal the four companies of the Woven Planet Group, Woven Planet Holdings, Woven Core, Woven Alpha and Woven Capital claim to be changing how people live, work, and move through new innovations and investment in automated driving, robotics, smart cities, and more. More information: https://www.woven-planet.global/