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Lyft Offering Data From Level 5 Autonomous Fleet to Public

Lyft Offering Data From Level 5 Autonomous Fleet to Public

In an attempt to aid in the development of self-driving vehicles, Lyft is making what it claims to be the “largest publicly released dataset of its kind” public.

Vineeth Joel Patel2019-07-29 07:20 PT

Lyft, Aptiv Pass 50,000-Trip Mark With Autonomous Vehicles

Lyft, Aptiv Pass 50,000-Trip Mark With Autonomous Vehicles

The companies have reached another major milestone since starting the self-driving program at last year’s Consumer Electronics Show.

Vineeth Joel Patel2019-06-05 05:00 PT

Lyft Stock Slips Below its IPO Price After Receiving its First Sell Rating

Lyft Stock Slips Below its IPO Price After Receiving its First Sell Rating

Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.

FutureCar Staff 2019-04-02 13:00 PT

Lyft Valued $24.3 Billion Ahead of Tomorrow’s IPO, Becoming the First Ride-Hailing Company to Go Public

Lyft Valued $24.3 Billion Ahead of Tomorrow’s IPO, Becoming the First Ride-Hailing Company to Go Public

Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.

FutureCar Staff 2019-03-28 18:44 PT

Lyft Files its IPO, Will Become the First Ride-Hailing Company to Go Public

Lyft Files its IPO, Will Become the First Ride-Hailing Company to Go Public

Lyft Inc. filed for a U.S. initial public offering (IPO) today, becoming the first ride-hailing company to go public The IPO filing has also lifted the lid on Lyft’s financial picture, giving investors a first look at the company’s financial information.

FutureCar Staff 2019-03-01 14:39 PT

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Ride-hailing company Lyft Inc. was granted a U.S. patent for a “autonomous vehicle notification system” that communicates with pedestrians and other road users.

FutureCar Staff 2018-12-12 12:24 PT

Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.

Eric Walz2018-12-06 12:11 PT

Lyft Acquires London-based Augmented Reality Startup Blue Vision Labs

Lyft Acquires London-based Augmented Reality Startup Blue Vision Labs

Ride hailing company Lyft announced today it is acquiring Blue Vision Labs, a London-based augmented reality startup. Blue Vision Labs specializes in using computer vision technology to add AR features street-level imagery. Blue Vision’s technology will help accelerate Lyft’s efforts toward developing autonomous transportation.

Eric Walz2018-10-23 16:05 PT

Avis to Provide Rental Cars to Lyft Drivers

Avis to Provide Rental Cars to Lyft Drivers

The emergence of ride-hailing services such as Uber and Lyft are expected to lead to a decline in personal car ownership, as rides can be summoned with a smartphone as needed. As more people opt for transportation on-demand, car rental company Avis is looking to put its own fleet to work—by renting vehicles to Lyft drivers that would normally be sitting idle in a parking lot.

Eric Walz2018-08-06 12:20 PT

Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Uber’s main U.S. rival Lyft is getting into the bike-sharing business, as it looks to expand its transportation options to bikes. Financial terms were not disclosed, but media reports previously suggested that Lyft would pay close to $250 million for Motivate’s bike-sharing business.

Jeremy Carlton2018-07-02 17:09 PT

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

The Information reports that Lyft, the number two ride-hailing company is reportedly close to a deal to buy Motivate, the operator of CitiBike. Sources quoted in the story suggest the acquisition price of $250 million.

Jeremy Carlton2018-06-01 13:41 PT

Lyft is Looking to Launch Electric Scooter Rental Service in San Francisco

Lyft is Looking to Launch Electric Scooter Rental Service in San Francisco

San Francisco-based Lyft, the second largest ride-hailing service behind Uber, is planning to offer electric scooter rentals in San Francisco as part of its ride-hailing platform. Lyft is gearing up to compete against its biggest rival Uber and other startups in the fast-growing market of electric scooter and bike rentals.

Eric Walz2018-05-22 10:52 PT

Lyft to Test its Self-Driving Cars at California’s GoMentum Station

Lyft to Test its Self-Driving Cars at California’s GoMentum Station

Lyft is joining the growing list of major automakers and tech companies working on autonomous driving and related technology at California’s GoMentum Station, the sprawling, former military base in Concord, California.

Eric Walz2018-03-08 15:27 PT

Lyft Opens its First European Hub to Develop Autonomous Driving Technology

Lyft Opens its First European Hub to Develop Autonomous Driving Technology

San Francisco-based ride hailing company Lyft, Uber’s main rival in the U.S, has announced its first official expansion into Europe. However, Lyft will not to pick up passengers yet, it has opened its office in Munich, Germany to work on autonomous driving technology.

Eric Walz2018-01-31 13:33 PT

Public Transport Networks will be Disrupted by Autonomous Cars

Public Transport Networks will be Disrupted by Autonomous Cars

Companies like Uber and Lyft have already caused chaos for traditional taxi companies, but with the rise of driverless vehicles, a new study claims that public transport will be flipped onto its head.

Vineeth Joel Patel2017-10-07 09:30 PT

Ford to Partner With Lyft to Deploy Self-Driving Cars

Ford to Partner With Lyft to Deploy Self-Driving Cars

Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford's self-driving vehicles on the ride hailing company’s network in large numbers by 2021.

Eric Walz2017-09-27 12:45 PT

Alphabet May Invest $1 Billion in Ride-Hailing Co Lyft

Alphabet May Invest $1 Billion in Ride-Hailing Co Lyft

Alphabet Inc is in discussions with Lyft Inc about a substantial investment in the ride-hailing company, potentially strengthening an existing partnership between the two companies.

Eric Walz2017-09-15 10:56 PT

Lyft to Develop its Own Self-Driving Car Tech to Compete With Uber

Lyft to Develop its Own Self-Driving Car Tech to Compete With Uber

Lyft is opening a Silicon Valley research facility in Palo Alto, California and plans to heavily recruit new engineering and technical people in the coming weeks to develop self-driving technology.

Eric Walz2017-07-21 12:31 PT