CFIUS Clearance: Toyota Motor Corporation and CARMERA, Inc.
Acquirer: Toyota Motor Corporation (Japan)
Acquired: CARMERA, Inc. (U.S.)
Industry: Autonomous Vehicles
On August 18, 2021 in Japan (August 17 in the U.S.), Woven Planet Holdings, Inc., 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 ….” (Toyota Motor Corporation Press Release, Woven Planet Holdings Closes Acquisition of CARMERA, Aug. 18, 2021.) Woven Planet “is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more.” (Id.) “The deal closure follows the Committee on Foreign Investment in the United States (CFIUS) review of the deal.” (Id.)