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Lyft Announces New Round of Autonomous Partnerships

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Lyft announced multiple autonomous vehicle (AV) partnerships to expand its transportation network. The company will collaborate with Mobileye to make its rideshare platform available to vehicles equipped with Mobileye's self-driving technology. Additionally, May Mobility will deploy autonomous Toyota Sienna minivans in Atlanta starting in 2025. Lyft is also partnering with Nexar to utilize aggregated marketplace and fleet data for improving autonomous technology development. The platform, serving 40 million annual riders in North America, will offer a 'Lyft-ready' model for partners to seamlessly deploy AVs and maximize vehicle utilization.

Lyft ha annunciato molteplici collaborazioni nel settore dei veicoli autonomi (AV) per ampliare la propria rete di trasporto. L'azienda collaborerà con Mobileye per rendere disponibile la sua piattaforma di rideshare a veicoli equipaggiati con la tecnologia di guida autonoma di Mobileye. Inoltre, May Mobility implementerà minivan Toyota Sienna autonomi ad Atlanta a partire dal 2025. Lyft sta anche collaborando con Nexar per utilizzare dati aggregati di mercato e flotte al fine di migliorare lo sviluppo della tecnologia autonoma. La piattaforma, che serve 40 milioni di passeggeri all'anno in Nord America, offrirà un modello 'Lyft-ready' per consentire ai partner di implementare senza problemi gli AV e massimizzare l'utilizzo dei veicoli.

Lyft anunció múltiples asociaciones en el ámbito de los vehículos autónomos (AV) para ampliar su red de transporte. La compañía colaborará con Mobileye para que su plataforma de rideshare esté disponible para vehículos equipados con la tecnología de conducción autónoma de Mobileye. Además, May Mobility desplegará minivans Toyota Sienna autónomas en Atlanta a partir de 2025. Lyft también se asociará con Nexar para utilizar datos de mercado y flotas agregados con el fin de mejorar el desarrollo de tecnología autónoma. La plataforma, que atiende a 40 millones de pasajeros anuales en América del Norte, ofrecerá un modelo 'Lyft-ready' para que los socios puedan implementar fácilmente los AV y maximizar el uso de los vehículos.

리프트는 교통 네트워크를 확장하기 위해 여러 자율주행차(AV) 파트너십을 발표했습니다. 이 회사는 모바일아이와 협력하여 모바일아이의 자율주행 기술로 장착된 차량에서 라이드셰어 플랫폼을 이용할 수 있도록 할 예정입니다. 또한 메이 모빌리티는 2025년부터 애틀랜타에서 자율주행 토요타 시에나 미니밴을 배치할 예정입니다. 리프트는 또한 넥사르와 협력하여 자율주행 기술 개발을 개선하기 위해 집계된 시장 및 차량 데이터 활용에 나섭니다. 북미에서 연간 4천만 명의 승객을 서비스하는 이 플랫폼은 파트너들이 자율주행차를 원활하게 배치하고 차량 활용을 극대화할 수 있도록 '리프트 준비 완료' 모델을 제공할 것입니다.

Lyft a annoncé plusieurs partenariats dans le domaine des véhicules autonomes (AV) pour élargir son réseau de transport. La société s'associera à Mobileye pour rendre sa plateforme de covoiturage accessible aux véhicules équipés de la technologie de conduite autonome de Mobileye. De plus, May Mobility déploiera des minivans Toyota Sienna autonomes à Atlanta à partir de 2025. Lyft s'associe également à Nexar pour utiliser des données de marché et de flotte agrégées afin d'améliorer le développement de la technologie autonome. La plateforme, qui sert 40 millions de passagers par an en Amérique du Nord, proposera un modèle 'prêt pour Lyft' pour permettre aux partenaires de déployer facilement des AV et de maximiser l'utilisation des véhicules.

Lyft hat mehrere Partnerschaften im Bereich autonomer Fahrzeuge (AV) angekündigt, um sein Verkehrsnetzwerk zu erweitern. Das Unternehmen wird mit Mobileye zusammenarbeiten, um seine Mitfahrplattform für Fahrzeuge bereitzustellen, die mit der selbstfahrenden Technologie von Mobileye ausgestattet sind. Darüber hinaus wird May Mobility ab 2025 autonome Toyota Sienna-Minivans in Atlanta einsetzen. Lyft kooperiert auch mit Nexar, um aggregierte Markt- und Flottendaten zu nutzen, um die Entwicklung autonomer Technologien zu verbessern. Die Plattform, die jährlich 40 Millionen Fahrgäste in Nordamerika bedient, wird ein 'Lyft-bereites' Modell anbieten, damit Partner AVs nahtlos einführen und die Fahrzeugnutzung maximieren können.

Positive
  • Strategic partnerships with three major AV technology companies expanding service offerings
  • Access to 40 million annual riders in North America for AV deployment
  • Concrete timeline for AV deployment in Atlanta by 2025 with May Mobility
Negative
  • AV implementation timeline suggests no immediate revenue impact
  • Heavy dependence on third-party technology providers for AV capabilities

Insights

This strategic partnership marks a significant shift in Lyft's autonomous vehicle strategy. The "Lyft-ready" model with Mobileye creates a scalable distribution channel for AV deployment, while the May Mobility partnership in Atlanta provides a concrete timeline for implementation. The collaboration with Nexar for data sharing adds valuable R&D capabilities.

The business model is particularly compelling - by providing AV companies access to 40 million annual riders and fleet management infrastructure, Lyft positions itself as a critical platform player rather than competing directly in AV development. This asset-light approach reduces capital requirements while maintaining upside exposure to AV adoption.

However, meaningful revenue impact likely won't materialize until 2025 or later. The initiative faces regulatory hurdles and consumer adoption uncertainty. Competition from Uber and other mobility players pursuing similar strategies could pressure economics.

Lyft to join forces with Mobileye, May Mobility, and Nexar to connect riders to AVs

SAN FRANCISCO--(BUSINESS WIRE)-- Lyft, Inc. (Nasdaq: LYFT), one of North America's largest transportation networks, announced plans for multiple autonomous vehicle (AV) partnerships to connect the Lyft community with future AV rides in the Lyft app.

Today, Lyft is announcing its next step in delivering AVs to millions of people. Lyft and Mobileye, a leader in self-driving tech and advanced driver assistance systems (ADAS) plan to bring AVs to the Lyft network. Through this partnership, Lyft will make its scaled rideshare platform available to all vehicles with Mobileye’s self-driving technology. Vehicles equipped with Mobileye Drive technology will hit the road “Lyft-ready” — giving small and large fleet operators seamless access to Lyft’s platform and network of riders to optimize their vehicles.

Beyond pioneering a new distribution channel for AVs through its alliance with Mobileye, Lyft is solving for other key parts of the AV value chain with May Mobility and Nexar.

  • May Mobility will directly deploy AVs to the Lyft platform in Atlanta starting in 2025. Atlanta riders will have the opportunity to be matched with a fleet of autonomous Toyota Sienna minivans equipped with May Mobility’s autonomous technology, a deployment that Lyft and May Mobility aim to scale over time across multiple markets.
  • Nexar and Lyft will explore ways to harness the power of aggregated, anonymized marketplace and fleet data to help OEMs and AV companies build better and safer autonomous technology. By pairing Lyft data with Nexar’s hundreds of millions of hours of video footage, we can jointly contribute to a more complete data set for autonomous research and development.

“We’re thrilled to work with Mobileye, May Mobility, and Nexar to build the autonomous future together, with more partnerships to follow,” said David Risher, CEO of Lyft. “Lyft’s aim is to connect AVs, drivers, riders, and partners to create new opportunities for all. Our rideshare network will continue to evolve as millions of people will have the opportunity to earn billions of dollars whether they choose to drive, put their AVs into service, or both.”

“Cooperating with leading mobility providers and operators is an essential step 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.”

Lyft’s rideshare network offers an easy and fast way for AVs to scale, and for partners to monetize their technology. The platform gives AV partners access to 40 million riders annually, and provides robust fleet management capabilities that streamline on-boarding, off-boarding, and vehicle servicing. The revolutionary “Lyft-ready” model is a turnkey solution, empowering partners to seamlessly deploy AVs to Lyft’s marketplace, effectively commercialize these deployments, and maximize their vehicle utilization.

Lyft will continue to partner with additional industry leaders to shape the future of mobility. See here for more information on Mobileye, May Mobility, and Nexar.

About Lyft

Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. In 2012, Lyft was founded as one of the first ridesharing communities in the United States. Now, millions of drivers have chosen to earn on billions of rides. Lyft offers rideshare, bikes, and scooters all in one app — for a more connected world, with transportation for everyone.

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 partnerships and related plans, expectations, technologies, benefits for drivers and riders, and an AV pilot program launch. 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.

Aurélien Nolf, Investor Relations: investor@lyft.com

Stephanie Rice, Media: press@lyft.com

Source: Lyft, Inc.

FAQ

When will Lyft (LYFT) launch autonomous vehicles in Atlanta?

Lyft will launch autonomous vehicles in Atlanta through its partnership with May Mobility starting in 2025, deploying a fleet of autonomous Toyota Sienna minivans.

What companies has Lyft (LYFT) partnered with for autonomous vehicles?

Lyft has partnered with Mobileye for self-driving technology integration, May Mobility for AV deployment in Atlanta, and Nexar for data analytics and autonomous technology development.

How many annual riders does Lyft (LYFT) serve in North America?

Lyft serves 40 million annual riders in North America according to the announcement.

Lyft, Inc.

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