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/
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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/
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.