• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Ford Joins Hands With Startup Argo AI, Lyft To Offer Autonomous Vehicles By The End Of The Year

July 26, 2021 by Eddie Worrell Leave a Comment

Ford has decided to join hands with autonomous vehicle technology startup Agro AI to launch a fleet of self-driving vehicles. According to the company, it will launch up to 1,000 autonomous vehicles on the ride-hailing network of Lyft. These self-driving vehicles will be available in selected cities by the end of this year. This will start with cities like Miami and Austin and will be expanded to other cities over the course of the next five years. Startup Argo AI is backed by Ford and Volkswagen. The move is aimed at offering more autonomous vehicles for public use.

The partnership has been announced after ride-hailing companies like Lyft and Uber decided not to work on their in-house systems. Instead, these companies started looking for partners to help in self-driving technology. Earlier in April, Lyft said that the company would sell its autonomous vehicle unit. The company said that it would sell it to Toyota for USD 550 million. Similarly, Hyundai and Amazon-backed Aurora purchased the self-driving unit of Uber in December. Aurora signed the deal with Uber amid rising costs and wide-scale issues related to safety. Commenting on the new partnership, Lyft co-founder and CEO Logan Green said that every company brings something to the table.

“Every company provides some knowledge in their area of expertise. This is very important if we want to make the business of autonomous ride-hailing a reality,” Green said. Under the agreement, Lyft will get 2.5 percent common equity of the startup. Argo AI is reportedly planning to go public by the end of this year. There are several companies that are burning the midnight oil to deploy self-driving vehicles. Volkswagen, in partnership with Argo AI, is planning to launch a self-driving microbus by the year 2025. Ford has already announced its plans to invest USD 29 billion in autonomous and electric vehicles over the next four to five years.

Eddie Worrell
Eddie Worrell

Related posts:

  1. Kaiser Permanente Workers Postpone 5-Day Statewide Strike As Death Of CEO Bernard Tyson
  2. President Trump decides to meet Russia’s Lavrov at the White House
  3. FDA Postponed Foreign Reviews Citing Coronavirus Epidemic
  4. 28 Individuals Killed in Eastern Russian Plane Crash

Filed Under: Business

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • How Much Of The Sun’s Radiation Is At Wavelengths We Can See?
  • Alcohol And Dementia Risk: There Is No Safe Level Of Drinking
  • Interstellar Object 3I/ATLAS May Have Been Caught In Perseverance Rover Photo
  • Friendly Falkland Islands “Wolf” Was Actually The Last Stronghold Of A Fox Domesticated In South America
  • Wolf-Dog Hybrid Found In Greece For First Time, Marking A New Twist In Wolves’ Return To Europe
  • Nobel Prize-Winning Physicist George Smoot, Who Made The First “Baby Pictures” Of The Universe, Dies Aged 80
  • The Most Powerful Odd Radio Circle’s Intersecting Rings Are Giving Us The Finger
  • Over $1 Million Of Shipwrecked Gold and Silver Coins Recovered From Florida’s Coast
  • Astronaut Don Pettit Shares Image Of The “Belt Of Venus” From The International Space Station
  • Deathwatch Beetles: Bad Omens In The Night? Nope, They’re Just Horny
  • Why Do So Many Nobel Laureates Develop “Nobel Disease”?
  • Does The Moon Affect The Menstrual Cycle? Yes, New Study Claims
  • The Second Closest Asteroid Flyby Of Earth Ever Recorded Just Whizzed Over Antarctica
  • New Theory Reveals Shackleton’s Legendary Ship “Endurance” Was Doomed To Sink In 1915
  • Revolutionary Discovery In Immune System Regulation Leads To Nobel Prize In Medicine Win
  • These May Be The First Animals To Evolve On Planet Earth, Skin Cells Have Been Used To Create Fertilizable Eggs, And Much More This Week
  • The Largest Eagle To Ever Live Had A 3-Meter Wingspan And Ate Moa For Lunch
  • “Tangy And Herbaceous” Yogurt Made With Forest Ants – And They’re Not For Extra Protein
  • This Bizarre Jurassic Reptile Is A Weird Mix Of Snake And Lizard
  • Mummified Cheetahs, Skin Cells Turn Into Eggs, And Almost Life On Enceladus
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version