Toyota Woven City Archives - The Weekly Driver

UVeye Deploys Quantum-Accelerated AI for Vehicle Inspections With New Funding

UVeye, an Israeli company at the forefront of innovation, has recently achieved a significant milestone by securing $191 million in new funding. This substantial financial boost is earmarked for the expansion and enhancement of their groundbreaking AI-powered vehicle inspection systems. The funding round, which closed in late January 2025, comprises two key components: $41 million in equity, spearheaded by Toyota’s forward-thinking investment arm, Woven Capital, and a substantial $150 million in debt financing provided by Trinity Capital. This latest injection of capital has propelled UVeye’s total funding to an impressive $380.5 million since its establishment in 2016, highlighting the increasing confidence and investment in advanced automotive technologies. “Our technology’s precision and the strong market demand underscore UVeye’s vital role in

From Autonomous Drifting to Space Rockets: Akio Toyoda Expands Vision for Toyota at CES 2025

At the CES 2025 press conference, Toyota unveiled a series of ambitious projects and initiatives, showcasing its transformation from a traditional automaker to a comprehensive mobility company. The presentation, led by Chairman Akio Toyoda, highlighted advancements in autonomous technology, urban development, and even space exploration. While specific details were limited, Toyoda said while he initially found autonomous driving, boring, the technology behind autonomous drifting instilled new excitement in his interests. The presentation went on to show a video of two cars drifting together. This suggests a focus on developing vehicles capable of handling extreme driving conditions without human intervention. The company also alluded to ongoing research into flying cars as part of their CES announcements, although no concrete timelines or