The Toyota’s subsidiary will acquire Lyft’s self-driving division, Level 5, for $550 million in cash, $200 million of which was provided to Lyft upfront. The rest of the money, $350 million, will be paid out to Lyft over five years. Additionally, Woven Planet and Lyft have signed commercial agreements for the utilization of the Lyft system and fleet data to accelerate the safety and commercialization of the automated-driving technology that Woven Planet will develop.
January 13, 2021
Motional and Uber announce multimarket commercial agreement for autonomous ride-hail and delivery services
October 7, 2022
August 24, 2021