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Lyft sells self-driving unit to Toyota’s Woven Planet for $550M

Lyft sells self-driving unit to Toyota’s Woven Planet for $550M

FromTechCrunch Industry News


Lyft sells self-driving unit to Toyota’s Woven Planet for $550M

FromTechCrunch Industry News

ratings:
Length:
6 minutes
Released:
Apr 27, 2021
Format:
Podcast episode

Description

Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet […]
Released:
Apr 27, 2021
Format:
Podcast episode

Titles in the series (100)

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