Lyft stocks pop on Waymo offer to deliver robotaxis to Nashville upcoming 12 months

Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the primary occasion in a industrial offer to go into Nashville upcoming 12 months.

Lyft hold climbed 10% at the information.

Riders in Nashville will be capable to drizzle a Waymo robotaxi during the Waymo One app, and Lyft will upload Waymo robotaxis to its platform over occasion, the firms stated in a joint observation on Wednesday.

Lyft “will provide end-to-end fleet management services including vehicle readiness and maintenance, infrastructure, and depot operations in Nashville,” for the Waymo fleet, the firms stated.

Waymo, which is owned via Alphabet, has taken a fat top within the U.S. robotaxi marketplace, launching in Phoenix, San Francisco and Los Angeles, in addition to Austin and Atlanta. It surpassed 10 million paid journeys in Would possibly, and has plans to start out industrial operations upcoming 12 months in Miami, Washington, D.C., Dallas, Denver, and now Nashville.

Tesla and Amazon’s Zoox have restricted exams underway. Smaller gamers like Wayve, Nuro and Would possibly Mobility also are operating on driverless era within the U.S.

In global markets, Waymo faces its maximum ambitious rival in Baidu’s Apollo Walk provider. In August, Baidu introduced a partnership with Lyft to deliver driverless taxis to Europe upcoming 12 months. A pace previous, Baidu stated it was once operating with Uber to deploy self sustaining automobiles in markets outdoor the U.S. and mainland China, launch with Asia and the Heart East upcoming this 12 months.

Lyft prior to now labored with Waymo on a pilot within the Phoenix department in 2019. The ride-hailing corporate began a check program with Would possibly Mobility in Atlanta previous this pace.

Lyft can utility the aid because it tries to secure up with Uber, which has expanded its top over its smaller rival. Uber’s marketplace cap has surpassed $200 billion, making it about 25 occasions extra significance than Lyft.