Connect with us

Business

Lyft is teaming up with Waymo for self-driving cars project

Lyft is the second largest ride service company in the US with a presence in about 300 cities.

Published

on

The U.S. ride service Lyft is partnering up with Google self-driving car unit Waymo.

In an official statement from the company, it was stated that this deal will speed up Lyft’s vision for transportation. On the other hand, Waymo said that this partnership will expand the access of its technology to more people.

The deal calls for the two companies to work together to join their workforces and ideas and set the path towards the goal of bringing autonomous car technology into the mainstream. The two sides aren’t looking for an everlasting partnership, rather a temporary solution for the pursuit of the tools each of them needs to bring the autonomous technology to consumers and, of course, generate some profit.

Neither company offered more details of the agreement.

Lyft is teaming up with Waymo for self-driving cars project. (Source)

Some analysts are estimating that this is a real chance that Lyft has in order to take some spotlight from Uber and tell everyone they are serious about becoming number one player in the field. From Waymo’s perspective, it makes sense as well because they are trying to get their technologies in as many places as possible. One of the big things for an autonomous company is getting to consumers and Lyft already has the big consumer base.

Lyft is the second largest ride service company in the US with a presence in about 300 cities. Their biggest competitor Uber is currently in a lawsuit with Waymo. A federal judge said on Monday that Uber must return stolen confidential files to Waymo.

SEE ALSO  Why now is the time to invest in the sharing economy

Waymo is a self-driving vehicle technology development company. It was spun out of Google as a separate unit in December 2016 from their self-driving car project. And even though they have top notch driving tech with the pressure from their growing competition they are accelerating the shift towards consumer applications.

With an international experience in research and analysis, Magdalena joins the team of Born2Invest as the new in-house head of product research and financial analysis as well as a contributor to the website. She obtained her bachelor degree in Business and Economics in her hometown Skopje-Macedonia, and a master degree in Electronic Business Management. As a talented and dedicated student, Magdalena had the opportunity to work abroad in the USA and Mexico complementing her curriculum with valuable skills and know-how, while being part of some prestigious companies in her professional career. With her love for reading and writing, she is one creative individual with a strong opinion on current developments and trending topics from business and financial point of view.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular