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Lyft and Mobileye Team Up to Enable Autonomous Mobility at Scale

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Lyft and Mobileye have announced a strategic alliance to accelerate autonomous vehicle (AV) commercialization. The partnership will combine Lyft's network of 40 million annual riders with Mobileye's AV technology to create a seamless demand platform for Mobileye Drive™-based AV fleets.

Future AV operators will be able to purchase 'Lyft-ready' vehicles equipped with Mobileye Drive technology and access Lyft's rider demand to optimize fleet utilization. The collaboration will leverage Mobileye's cloud-based AV demand technology and Lyft's AV Partner APIs to monetize AV fleets, aiming to provide faster and broader AV availability to users.

Lyft e Mobileye hanno annunciato un'alleanza strategica per accelerare la commercializzazione dei veicoli autonomi (AV). La partnership unirà la rete di 40 milioni di passeggeri annuali di Lyft con la tecnologia AV di Mobileye per creare una piattaforma di domanda senza soluzione di continuità per le flotte AV basate su Mobileye Drive™.

I futuri operatori di AV potranno acquistare veicoli 'pronti per Lyft' dotati della tecnologia Mobileye Drive e accedere alla domanda di passeggeri di Lyft per ottimizzare l'utilizzo della flotta. La collaborazione sfrutterà la tecnologia di domanda AV basata sul cloud di Mobileye e le API AV Partner di Lyft per monetizzare le flotte AV, mirando a fornire una disponibilità di AV più rapida e ampia per gli utenti.

Lyft y Mobileye han anunciado una alianza estratégica para acelerar la comercialización de vehículos autónomos (AV). La asociación combinará la red de 40 millones de pasajeros anuales de Lyft con la tecnología AV de Mobileye para crear una plataforma de demanda fluida para las flotas de AV basadas en Mobileye Drive™.

Los futuros operadores de AV podrán adquirir vehículos 'listos para Lyft' equipados con la tecnología Mobileye Drive y acceder a la demanda de pasajeros de Lyft para optimizar la utilización de la flota. La colaboración aprovechará la tecnología de demanda AV basada en la nube de Mobileye y las API de AV Partner de Lyft para monetizar las flotas de AV, con el objetivo de proporcionar una disponibilidad de AV más rápida y amplia para los usuarios.

LyftMobileye가 자율주행차(AV) 상용화를 가속화하기 위한 전략적 제휴를 발표했습니다. 이 파트너십은 Lyft의 연간 4천만 승객 네트워크와 Mobileye의 AV 기술을 결합하여 Mobileye Drive™ 기반 AV 함대의 원활한 수요 플랫폼을 만들 것입니다.

미래의 AV 운영자들은 Mobileye Drive 기술이 장착된 'Lyft 준비 완료' 차량을 구매하고, Lyft의 승객 수요에 접근하여 함대 활용도를 최적화할 수 있습니다. 이 협력은 Mobileye의 클라우드 기반 AV 수요 기술과 Lyft의 AV 파트너 API를 활용하여 AV 함대를 수익화하고, 사용자에게 더 빠르고 광범위한 AV 가용성을 제공하는 것을 목표로 합니다.

Lyft et Mobileye ont annoncé une alliance stratégique pour accélérer la commercialisation des véhicules autonomes (AV). Ce partenariat combinera le réseau de 40 millions de passagers par an de Lyft avec la technologie AV de Mobileye afin de créer une plateforme de demande fluide pour les flottes AV basées sur Mobileye Drive™.

Les futurs opérateurs de véhicules autonomes pourront acheter des véhicules 'prêts pour Lyft' équipés de la technologie Mobileye Drive et accéder à la demande de passagers de Lyft pour optimiser l'utilisation de la flotte. La collaboration tirera parti de la technologie de demande AV basée sur le cloud de Mobileye et des API AV Partner de Lyft pour monétiser les flottes de véhicules autonomes, dans le but d'offrir une disponibilité AV plus rapide et plus large aux utilisateurs.

Lyft und Mobileye haben eine strategische Allianz angekündigt, um die Kommerzialisierung autonomer Fahrzeuge (AV) zu beschleunigen. Die Partnerschaft verbindet Lyfts Netzwerk von 40 Millionen jährlichen Fahrgästen mit der AV-Technologie von Mobileye, um eine nahtlose Nachfrageplattform für Mobileye Drive™-basierte AV-Flotten zu schaffen.

Zukünftige AV-Betreiber werden in der Lage sein, 'Lyft-bereite' Fahrzeuge zu kaufen, die mit der Mobileye Drive-Technologie ausgestattet sind, und auf Lyfts Nachfrage nach Fahrgästen zuzugreifen, um die Flottenauslastung zu optimieren. Die Zusammenarbeit wird Mobileyes cloudbasierte AV-Nachfragesoftware und Lyfts AV-Partner-APIs nutzen, um AV-Flotten zu monetarisieren und eine schnellere und breitere Verfügbarkeit von AV für die Nutzer zu bieten.

Positive
  • Access to Lyft's large network of 40 million annual riders
  • Strategic partnership enables broader market reach for Mobileye's AV technology
  • Integration with Lyft's platform provides immediate monetization pathway for AV fleets
  • Mobileye's technology already deployed in 180 million vehicles worldwide by 2023
Negative
  • Implementation timeline and financial terms not disclosed
  • Project still in planning phase with no immediate revenue impact

Insights

This strategic alliance represents a significant step in autonomous vehicle commercialization. The partnership combines Mobileye's advanced AV technology with Lyft's extensive network of 40 million annual riders, creating a powerful ecosystem for autonomous fleet deployment.

The deal's structure is particularly clever - by making vehicles "Lyft-ready" through Mobileye's technology, they're creating a turnkey solution for fleet operators. This removes significant barriers to AV adoption and creates multiple revenue streams: hardware sales for Mobileye, platform fees for Lyft and operational revenues for fleet owners.

The integration of Mobileye's cloud-based AV demand technology with Lyft's API infrastructure demonstrates strong technical synergy that could accelerate autonomous vehicle deployment at scale. With Mobileye's existing presence in 180 million vehicles, this partnership has solid foundational technology to build upon.

This alliance positions both companies strategically in the evolving autonomous mobility market. For Mobileye, it provides immediate access to a massive consumer base and established market infrastructure. For Lyft, it offers a competitive edge against rivals in the autonomous vehicle space.

The business model is particularly noteworthy - it creates a three-sided marketplace connecting technology providers (Mobileye), fleet operators and end consumers (Lyft riders). This structure could accelerate AV adoption while distributing operational risks and capital requirements across multiple stakeholders.

JERUSALEM--(BUSINESS WIRE)-- Lyft, Inc. (Nasdaq: LYFT), one of the largest transportation networks in North America, and Mobileye (Nasdaq: MBLY), a leading provider of self-driving technology and advanced driver assistance systems (ADAS), announced today plans for an alliance that aims to facilitate the widespread commercialization of autonomous vehicles' services by industry-leading fleet operators.

Lyft and Mobileye logos. (Graphic: Business Wire)

Lyft and Mobileye logos. (Graphic: Business Wire)

Using the latest advancements in AI for autonomy, Mobileye provides AV technology to an ecosystem of purpose-built vehicle manufacturers, who integrate Mobileye’s AV technology in AV-ready vehicles for purchase by vehicle fleet operators and transportation service providers. The alliance of Lyft and Mobileye intends to leverage Lyft’s network of 40 million annual riders and exceptional reputation as a leading transportation network in North America to provide a seamless demand platform for Mobileye Drive™-based AV fleets.

The objective is for future AV operators who want to deploy and manage large-scale fleets in various metropolitan areas in North America to purchase Mobileye Drive-equipped, “Lyft-ready” vehicles from vehicle builders, access Lyft’s rider demand and optimize utilization and profitability of their fleets.

The companies also plan to utilize Mobileye’s new cloud-based AV demand technology, which connects Mobileye Drive-equipped vehicles with AV fleet operators. Through Mobileye’s turnkey AV ecosystem and Lyft’s suite of AV Partner APIs, fleets of AVs are expected to be monetized, giving Lyft users faster and broader availability of AVs.

“Mobileye’s full-stack technology is an important part of getting autonomous fleets Lyft-ready,” said David Risher, CEO at Lyft. “As we make more AVs available to our 40 million annual riders, we’re laser-focused on building a platform where fleet owners will be proud to put their assets to work. We welcome Mobileye as an important strategic partner on the road to an autonomous future.”

“Cooperating with leading mobility providers and operators are essential steps to bring autonomous mobility services to reality,” said Prof. Amnon Shashua, President and CEO of Mobileye. “Enabling Mobileye Drive with Lyft’s network of 40 million annual riders in North America would allow our AV customers to reach new markets and geographies with autonomous services and provide the benefits of the technology through a sustainable business.”

The planned joint effort marks another milestone in Mobileye’s ambition to bring autonomous mobility to passengers across the globe. Working together with transportation network providers, vehicle operators and vehicle manufacturers, Mobileye has provided its AV technology to various mobility-as-a-service projects in Europe and North America. Mobileye Drive-equipped vehicles are currently piloted with several mobility operators in Germany, Norway, Croatia and the United States.

Mobileye (Nasdaq: MBLY) leads the evolution of mobility with our autonomous driving and driver-assistance technologies, based on world-renowned expertise in artificial intelligence, computer vision, mapping, and integrated hardware and software. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems while pioneering groundbreaking technologies such as REM™ crowdsourced mapping, True Redundancy™ sensing, Responsibility-Sensitive Safety™ (RSS™) driving policy and Driving Experience Platform (DXP). These technologies support a product portfolio structured for scale and designed to unlock the full potential of mobility, offering a range of solutions from premium ADAS to autonomous vehicles. By the end of 2023, about 180 million vehicles worldwide have been equipped with Mobileye technology. In 2022, Mobileye listed as an independent company separate from Intel (Nasdaq: INTC), which retains majority ownership. For more information, visit https://www.mobileye.com.

“Mobileye,” the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners.

Lyft Forward-Looking Statements

Certain statements contained in this press release are “forward-looking statements” about Lyft within the meaning of the securities laws, including statements about Lyft’s autonomous vehicle strategy and partnership with Mobileye and related plans, expectations, technologies and benefits. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Lyft’s filings with the Securities and Exchange Commission. Lyft does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.

Media Contact:

Justin Hyde, justin.hyde@mobileye.com

Source: Mobileye

FAQ

What is the purpose of the Lyft and Mobileye (MBLY) partnership announced in 2024?

The partnership aims to facilitate widespread commercialization of autonomous vehicle services by combining Lyft's 40 million annual rider network with Mobileye's AV technology to create a seamless demand platform for autonomous vehicle fleets.

How will fleet operators benefit from the Lyft-Mobileye (MBLY) alliance?

Fleet operators can purchase Mobileye Drive-equipped, 'Lyft-ready' vehicles and access Lyft's rider demand platform to optimize fleet utilization and profitability in various North American metropolitan areas.

What is the current deployment status of Mobileye's (MBLY) autonomous vehicle technology?

Mobileye Drive-equipped vehicles are being piloted with several mobility operators in Germany, Norway, Croatia, and the United States, with about 180 million vehicles worldwide equipped with Mobileye technology by end of 2023.

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