Initial Deployments in Miami followed by Austin, Texas, to Lay
Groundwork for Future Scale
Add after second paragraph in About Lyft section: This
announcement contains forward-looking statements about Lyft,
including statements about its autonomous vehicle strategy. Factors
that could cause actual results to differ materially from those
addressed in the forward-looking statements are detailed in Lyft’s
filings with the Securities and Exchange Commission. Lyft does not
undertake an obligation to update our forward-looking statements to
reflect future events, except as required by applicable law.
The updated release reads:
ARGO AI AND FORD TO LAUNCH SELF-DRIVING VEHICLES ON LYFT
NETWORK BY END OF 2021
Initial Deployments in Miami followed by Austin, Texas, to Lay
Groundwork for Future Scale
In an industry-first collaboration, Argo AI, Lyft and Ford Motor
Company are working together to commercialize autonomous ride
hailing at scale. The unique collaboration brings together all of
the parts necessary to create a viable autonomous ride hailing
service, including the self-driving technology, vehicle fleet and
transportation network needed to support a scalable business and
deliver an exceptional experience for riders.
“This collaboration marks the first time all the pieces of the
autonomous vehicle puzzle have come together this way,“ Lyft
co-founder and CEO Logan Green said. “Each company brings the
scale, knowledge and capability in their area of expertise that is
necessary to make autonomous ride-hailing a business reality.”
Argo AI and Ford will deploy Ford self-driving cars, with safety
drivers, on the Lyft network, as part of a network access
agreement, with passenger rides beginning in Miami later this year
and in Austin starting in 2022. As vehicles are deployed, Lyft
users within the defined service areas will be able to select a
Ford self-driving vehicle to hail a ride. This initial deployment
phase will lay the groundwork for scaling operations, as the
parties are now 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.
“This collaboration is special because we’re executing on a
shared vision for improving the safety, access to and affordability
of transportation in our cities,” said Bryan Salesky, founder and
CEO, Argo AI. “Beyond the link that Lyft provides to the customer,
we’ll be able to work together to define where an autonomous
service will benefit communities the most and ensure we’re
deploying the technology safely.”
The collaboration is designed to scale autonomous vehicle
deployment using market and safety data that helps define where
self-driving technology can safely serve consumers. As part of the
agreement, Argo will use anonymized service and fleet data from
Lyft to overcome the challenges faced by other autonomous vehicle
companies by focusing on where they can build a sustainable
business and validate deployment through localized safety data. In
addition, Lyft will receive 2.5% of the common equity of Argo AI as
part of the licensing and data access agreements to collaborate on
the safe commercialization of autonomous vehicles.
“Argo and Ford are currently piloting, mapping and preparing for
commercial operations of autonomous vehicles in more cities than
any other AV collaboration, and this new agreement is a crucial
step toward full commercial operations – the addition of Lyft’s
world-class transportation network,” said Scott Griffith, CEO, Ford
Autonomous Vehicles & Mobility Businesses. “These three
companies share a belief that autonomous vehicles will be a key
enabler for a cleaner, safer and more efficient urban mobility
landscape. This is the beginning of an important relationship
between three dynamic companies ultimately aiming to deliver a
trusted, high-quality experience for riders in a multi-city large
scale operation over time.”
In order to support self-driving vehicle deployments at scale,
Ford has established a robust presence in Miami, Austin and
Washington, D.C. This includes operations to support commercial
fleets, including fueling, servicing and cleaning, ultimately
ensuring a great experience for customers. Ford also has
established strong community relationships, including working
closely with city leaders to provide valuable mobility solutions to
meet their unique needs.
Media assets here
About Lyft Lyft (NASDAQ: LYFT) was founded in 2012 and is
one of the largest transportation networks in the United States and
Canada. As the world shifts away from car ownership to
transportation-as-a-service, Lyft is at the forefront of this
massive societal change. Our transportation network brings together
rideshare, bikes, scooters, car rentals and transit all in one app.
We are singularly driven by our mission: to improve people’s lives
with the world’s best transportation.
Today’s announcement is the third in a string of commercial
agreements between Lyft and major automakers to advance
self-driving car technology through Lyft’s transportation network.
Lyft recently closed the sale of its self-driving technology
division, Level 5, to a subsidiary of Toyota, along with commercial
agreements to advance the safety and commercialization of
autonomous driving technology. Lyft also has an agreement with
Motional, a joint venture that includes Hyundai, to deploy fully
autonomous cars on the Lyft network in 2023.
This announcement contains forward-looking statements about
Lyft, including statements about its autonomous vehicle strategy.
Factors that could cause actual results to differ materially from
those addressed in the forward-looking statements are detailed in
Lyft’s filings with the Securities and Exchange Commission. Lyft
does not undertake an obligation to update our forward-looking
statements to reflect future events, except as required by
applicable law.
About Ford Motor Company Ford Motor Company (NYSE: F) is
a global company based in Dearborn, Michigan, that is committed to
helping build a better world, where every person is free to move
and pursue their dreams. The company’s Ford+ plan for growth and
value creation combines existing strengths, new capabilities and
always-on relationships with customers to enrich experiences for
and deepen the loyalty of those customers. Ford designs,
manufactures, markets and services a full line of connected,
increasingly electrified passenger and commercial vehicles: Ford
trucks, utility vehicles, vans and cars, and Lincoln luxury
vehicles. The company is pursuing leadership positions in
electrification, connected vehicle services and mobility solutions,
including self-driving technology, and provides financial services
through Ford Motor Credit Company. Ford employs about 186,000
people worldwide. More information about the company, its products
and Ford Motor Credit Company is available at
corporate.ford.com.
About Argo AI Argo AI is a global autonomous vehicle
technology platform company headquartered in Pittsburgh,
Pennsylvania. The company is developing self-driving technology in
partnership with leading automakers, including Ford Motor Company
and Volkswagen Group, to make getting around cities safe, easy, and
enjoyable for all. Argo AI employs more than 1,300 people with
engineering centers located in Dearborn, Mich.; Cranbury, N.J.;
Palo Alto, Calif.; and Munich, Germany. Argo is currently testing
autonomous vehicles on public roads in Miami, Fla.; Austin, Tex.;
and Washington D.C., as well as in Pennsylvania, Michigan, and
California. For more information regarding Argo, please visit
www.argo.ai.
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version on businesswire.com: https://www.businesswire.com/news/home/20210721005325/en/
Eric Smith Lyft Communications press@lyft.com
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