By Michael Dabaie

 

Argo AI and Ford Motor Co. say they expect to launch self-driving vehicles on Lyft's network by the end of 2021.

Autonomous vehicle technology platform company Argo AI and Ford said they plan to deploy Ford self-driving cars, with safety drivers, on the Lyft network, with passenger rides beginning in Miami later this year and in Austin starting in 2022. As vehicles are deployed, Lyft users will be able to select a Ford self-driving vehicle to hail a ride.

The companies said the initial deployment phase will lay the groundwork for scaling operations, and they are working to finalize agreements aiming to deploy at least 1,000 autonomous vehicles on the Lyft network across multiple markets over the next five years.

Lyft will receive 2.5% of the common equity of Argo AI as part of the licensing and data access agreements.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

July 21, 2021 07:56 ET (11:56 GMT)

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