Tag "Lyft"

Lyft teams up with Magna to build self-driving cars

By : CIOL Writers

Lyft has partnered automotive supplier, Magna to develop autonomous vehicle technology. Lyft and Magna will share the intellectual property from co-developing autonomous vehicles, and Magna will be free to sell the technology to car companies. Magna has also made a $200 million equity

Lyft appoints former Tesla exec Jon McNeill as COO

By : CIOL Writers

Lyft has hired Jon McNeill, former president of global sales and service at Tesla as the company’s new chief operating officer. McNeill’s departure from Tesla was announced on Wednesday’s earnings call by Elon Musk though he didn’t reveal what McNeill’s next move

Lyft opens its first European office in Munich

By : CIOL Writers

Ride-hailing firm Lyft has announced its first office in Munich, Germany. The company said that the hub’s main focus will be self-driving vehicles, with a “talented group of new colleagues” working on simultaneous localization and mapping (SLAM) for level 5 autonomous cars — or

Lyft finally goes live in Toronto

By : CIOL Writers

US cab aggregator Lyft has finally gone international with Toronto launch on Tuesday. Lyft service in Toronto includes standard Lyft service, Lyft Plus, Lyft Premiere, Lyft Lux and Lyft Lux SUV rides. It also can be used to hail a ride

Lyft kickstarts self-driving car pilot in Boston

By : CIOL Writers

Lyft’s first self-driving car pilot is now live in Boston. Launched with its self-driving partner nuTonomy, the pilot program gives “select” Seaport-area passengers a ride in one of nuTonomy’s self-driving Renault cars. Though the pilot is limited to a select part

Lyft’s Q3 revenue triples while Uber’s losses jump to $1.46B

By : CIOL Writers

Ride-hailing firm Lyft appears to have gained significantly from Uber’s unsteady ride of past 12 months. The company has seen its revenue growth more than triple, according to a report from The Information. The report stated that the company generated

Lyft raising another $500M to take on Uber

By : CIOL Writers

US ride-hailing company Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised recently from Alphabet venture arm CaptialG, according to a US share authorization document filed in Delaware, reports Axios. The $500 million is an

Lyft gets permit to test self-driving cars in California

By : CIOL Writers

US ride-hailing firm Lyft is the latest company to secure a permit to test autonomous vehicles in California. Lyft’s permit, reflected on the California Department of Motor Vehicles (DMV) website, comes two months after it announced plans to offer a self-driving car as

Lyft acqui-hires live streaming company Kamcord

By : CIOL Writers

Ride-hailing firm Lyft has brought on-board 12-member team from the live streaming company Kamcord to build out its transportation service. Lyft has basically acqui-hired Kamcord’s engineering talent and not any of the live streaming app’s technologies. Kamcord announced this news

Lyft to kickstart international expansion with Toronto launch in Dec.

By : CIOL Writers

Uber’s biggest rival Lyft is going to launch its services outside the US for the first time. The company announced that starting December onwards it will begin operations in Toronto. “Toronto is actually a no-brainer for us when we decided

Lyft raises $1B led by Alphabet’s CapitalG

By : CIOL Writers

Uber’s rival Lyft has raised $1 billion led by CapitalG, Google’s investment fund. The latest funding round values the ride-hailing company at $11 billion, the company announced. As part of the deal, CapitalG Partner David Lawee will be joining Lyft’s board. The

Lyft announces in-app navigation via Google Maps for drivers

By : CIOL Writers

As the battle to become the number one ride-hailing company in the US intensifies, Lyft has announced to bring a new feature on the Lyft Driver app called Lyft Navigation. Lyft Navigation is built with Google Maps and is accessed right

Ford and Lyft team up to deploy self-driving vehicles by 2021

By : CIOL Writers

Ford and Lyft have joined forces to deploy large numbers of self-driving vehicles by 2021, according to a Reuters report. Engineers at Ford and Lyft will be teaming up to design software to allow Ford vehicles to communicate with Lyft’s smartphone

Alphabet could invest up to $1B in Lyft

By : CIOL Writers

As Uber tries to find a way out of its troubled tides, its arch-rival in the US- Lyft is taking every possible advantage of the situation. According to Bloomberg, Lyft is in talks to raise up to $1 billion from Alphabet.

Lyft acqui-hires DataScore and YesGraph to boost growth

By : CIOL Writers

Ride hailing company Lyft announced that it has acqui-hired DataScore and YesGraph to ‘help propel growth, attract more passengers and drivers, and help drivers earn more.’ About 25 people from both the companies will join Lyft. As part of the deal, Lyft will

General Motors expands car-sharing service Maven to six more US cities

By : CIOL Writers

General Motors is expanding its weekly car rental service- Maven Gig from its current San Diego and San Francisco locations to other cities across the US. This means that drivers for ride-hailing services such as Uber, Lyft and delivery drivers for companies such as

Lyft too joins the self-driving car race

By : CIOL Writers

Ride hailing startup Lyft has announced that it is creating its own self-driving car division that would compete with Uber. The company would soon open a facility in Palo Alto, California that would be staffed by “several hundred” engineers who

Lyft inks another self-driving tech partnership with Jaguar Land Rover

By : CIOL Writers

Next time you want to ride in Jaguar or a Land Rover to visit your nearest cafe, book a cab from Lyft. Nope, we are not kidding! Coming one-step closer to its vision of having a self-driving fleet by 2021,

Lyft teams up with nuTonomy to bring first self-driving Lyft service to Boston

By : CIOL Writers

After GM and Waymo, Lyft has a new partner in the world of autonomous technology in the form of nuTonomy, the Boston-based company that was first to put self-driving taxis on roads in Singapore. As per the new partnership, the two companies aim

Google, IBM, Lyft collaborate on open source project Istio

By : CIOL Writers

Google, IBM, and Lyft have announced the launch of  Istio, a new open platform that allows developers a vendor-neutral way to connect, secure, manage and monitor networks of different micro services on cloud platforms. “Istio is the result of a joint