Toyota’s five-year-old mobility and innovation business, Toyota Connected, will get a $950,000 renovation, according to permits filed with the state of Texas.
Construction on the 15,000-square-foot renovation project in Plano where the business is headquartered is slated to begin Oct. 11 and finish by the end of January. The project is described in public documents as providing improvement for “general office use.”
Toyota did not immediately respond to a request for comment.
Toyota Connected is the automaker’s relatively new mobility and innovation business, focused on developing the next generation of transportation technology through software and data collection. Based in Legacy West, roughly a half-mile away from the company’s main North American headquarters, the business is run separately from Toyota North America and was positioned at inception as a lean startup by the Japan-based car manufacturer.
When Toyota Connected took up office space in Plano’s Legacy West in 2016, it said the offices would accommodate its first 100 employees. Toyota Connected now numbers at least 175 employees.
As the company races to match competitors like Tesla that are producing driverless and electric vehicles, it has also announced that it will acquire Silicon Valley-based automotive software company Renovo for an undisclosed amount.
Toyota wants Renovo to help speed along its process of bringing self-driving, connected cars to market as well as contribute to building out operating systems for vehicles that could one day be bought by other manufacturers, the company said. Upon closing of the deal, Renovo will fold under Woven Planet.