Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network
July 21 2021 - 8:00AM
Dow Jones News
By Michael Dabaie
Argo AI and Ford Motor Co. say they expect to launch
self-driving vehicles on Lyft's network by the end of 2021.
Autonomous vehicle technology platform company Argo AI and Ford
said they plan to deploy Ford self-driving cars, with safety
drivers, on the Lyft network, with passenger rides beginning in
Miami later this year and in Austin starting in 2022. As vehicles
are deployed, Lyft users will be able to select a Ford self-driving
vehicle to hail a ride.
The companies said the initial deployment phase will lay the
groundwork for scaling operations, and they are working to finalize
agreements aiming to deploy at least 1,000 autonomous vehicles on
the Lyft network across multiple markets over the next five
years.
Lyft will receive 2.5% of the common equity of Argo AI as part
of the licensing and data access agreements.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
July 21, 2021 07:56 ET (11:56 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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