Posts Tagged:Lyft

Lyft off. Lyft sells self-driving unit to Toyota’s Woven Planet.

Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota Motor Corporation’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize #autonomousvehicles technology. Earlier this year, Woven Capital kicked off off its new $800 million strategic fund by announcing an investment into autonomous delivery vehicle company Nuro. #wakeupimagine #selfdriving #ridehailing #ai #innovation

Want to share a ride?

Want to share a ride? Ok. We all know how convenient it is to engage the little Uber app on our phones and have our personal ride show up wherever we are, whenever we want, on demand. But the ride-sharing wars have now escalated to a whole new level, as global automotive players are hopping…

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