From the name and the way the logo is designed it looks to me like it's going to be another joint project between Toyota and Subaru. Subaru already has the Evoltis coming out and I imagine this is going to be the Toyota version of it.
Also, and this might just be a coincidence, the name and logo reminds me of the BRZ and 86 sports cars.
electrek.co
Also, and this might just be a coincidence, the name and logo reminds me of the BRZ and 86 sports cars.

All-electric Subaru Evoltis, with oddball design, to be unveiled in 2021
New reports from Japan peg an unveiling for the new Subaru EV at 2021. The name of the 300-mile electric crossover is “Evoltis.”