Lyft sells self-driving unit to Toyota’s Woven Planet for $550M
TechCrunch Industry News · TechCrunch
April 27, 20216m 22s
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Show Notes
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 […]
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