Like Uber, ride-hailing platform Lyft has sold its self-driving division. It’s a massive u-turn for the company considering that just last year, it said it was planning to launch its first robotaxi fleet in 2023. Let’s take a closer look at what’s happened. The deal On Tuesday this week, Lyft announced an acquisition agreement with Toyota’s Woven Planet Holdings (WPH). The deal sees WPH buy Lyft’s self-driving division, called Level 5, for $550 million in cash. As TechCrunch reports, Lyft will receive $200 million upfront, with the remaining $350 million paid in installments over the next five years. Most of…
This story continues at The Next Web
from The Next Web
Note : I Hope My My New News Article Lyft gives up on developing its own self-driving tech, sells division Of DigioNews So You Trust My site you are always updated with Latest news Daily news Everyday. Only on DigioNews : Lyft gives up on developing its own self-driving tech, sells division
0 Comments