M&A Deal Summary

Woven Planet Acquires Lyft - Self-Driving Vehicle Division

On April 26, 2021, Woven Planet acquired information technology company Lyft - Self-Driving Vehicle Division from Lyft for 550M USD

Acquisition Highlights
  • This is Woven Planet’s 1st transaction in the Information Technology sector.
  • This is Woven Planet’s largest (disclosed) transaction.
  • This is Woven Planet’s 1st transaction in the United States.
  • This is Woven Planet’s 1st transaction in California.

M&A Deal Summary
Date 2021-04-26
Target Lyft - Self-Driving Vehicle Division
Sector Information Technology
Buyer(s) Woven Planet
Sellers(s) Lyft
Deal Type Divestiture
Deal Value 550M USD

Target

Lyft - Self-Driving Vehicle Division

San Francisco, California, United States
Lyft's Self-Driving Vehicle Division develops autonomous driving and other advanced mobility technologies.

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Buyer(S) 1

Buyer

Woven Planet

Tokyo, Japan
Category Company
Founded 2021
Sector Business Services
Employees760
DESCRIPTION

Woven Planet mission to design a happier planet through secure, connected mobility solutions. 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. Woven Planet was founded in 2021 and is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 3
Year (2021) 1 of 3
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 CARMERA

Brooklyn, New York, United States

CARMERA is a spatial AI company, built on the revolution of vehicular crowdsourcing and remote sensing to capture street-level change, at the 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. CARMERA is based in New York City.

Buy -

Seller(S) 1

SELLER

Lyft

San Francisco, California, United States
Category Company
Founded 2007
Sector Internet Software and Services
Employees2,945
Revenue 4.4B USD (2023)
DESCRIPTION
Lyft billboard in Massachusetts.
Lyft billboard in Massachusetts.

Lyft is a ride-sharing company that connects people and communities through transportation. It helps organizations to establish private and social networks for ridesharing. Lyft was founded in 2007 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-23 Halo Cars

Brooklyn, New York, United States

Halo Cars attach smart LED screens on top of rideshare vehicles and serve hyper-targeted ads based on location, time, weather, and consumer profiles most relevant to clients.

Buy -
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