Lyft Teams Up With Intel's Mobileye, May Mobility For Robotaxi Services As Tesla Gears Up To Enter Autonomous Riding Hailing Market

Quick Summary:

What Happened: As part of Lyft’s partnership with Intel-owned Mobileye, the company will make its scaled rideshare platform available to all vehicles with Mobileye's self-driving technology.“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,” Mobileye said about the partnership.

Uber's rival ride-hailing platform, Lyft Inc.(NASDAQ:LYFT) said on Wednesday that it has partnered with Intel Corp.-owned (NASDAQ:INTC) Mobileye, and May Mobility to provide autonomous vehicle rides to its customers.

May Mobility, meanwhile, will directly deploy autonomous vehicles to the Lyft platform in Atlanta starting in 2025, Lyft said.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: EVs May Mobility Electric vehicles LYFT US88160R1014 Autonomous vehicles TSLA Benzinga US4581401001 Mobility News Tech INTC Mobileye

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 08:02:41 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23458692

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