Lyft shares hit the gas after Mobileye robotaxi rollout announcement
Lyft shares jumped as much as 4% after the ride-hailing company announced plans to roll out self-driving robotaxis in partnership with Mobileye.
The partnership, initially unveiled in November, will kick off the robotaxi service in Dallas starting next year. Riders will be able to book fully autonomous rides through the Lyft app.
The robotaxis will operate using Mobileye’s driver-assistance technology, while Japanese conglomerate Marubeni will supply the fleet. Lyft plans to scale the program to thousands of vehicles across multiple cities.
The announcement comes as Uber prepares to launch its own self-driving service. In September, the company said it would expand its partnership with Waymo to deploy robotaxis in Austin and Atlanta beginning early this year.
Lyft is set to report fourth-quarter earnings on Tuesday.
The robotaxis will operate using Mobileye’s driver-assistance technology, while Japanese conglomerate Marubeni will supply the fleet. Lyft plans to scale the program to thousands of vehicles across multiple cities.
The announcement comes as Uber prepares to launch its own self-driving service. In September, the company said it would expand its partnership with Waymo to deploy robotaxis in Austin and Atlanta beginning early this year.
Lyft is set to report fourth-quarter earnings on Tuesday.
