Self-Driving Vans Have Arrived
Self-Driving Vans Have Arrived
Thanks to a self-driving technology partnership between Lyft
and Waymo, we can now expect to see self-driving vans on the streets in the
coming months.
As
an initial move, Lyft customers in the metro Phoenix area will have access to
10 Waymo vehicles in the next few months. You'll just have to pick the vehicle
type from the Lyft app, much like you would with any other ride option. The
move will both expand the reach of Waymo's fledgling self-driving
operations and provide "valuable feedback."
It
is a shock move from Waymo who have chosen to team up with a company that has
posted a substantial $1.1 billion loss during its first quarter of 2019. Even
though that sounds a lot, after delving in to it you could probably take out
the one-time costs of stock compensation after going public so the real loss stands
at around $211 million which I guess is a step in the right direction.
The
firm reported that they nearly doubled their revenue to $776 million which we
are guessing is why Waymo were inclined to jump on board.
Neither
company has been specific regarding what their next steps are, although we can
safely say they have the option for broader availability to funds and research
developments. It is undoubtedly recognised that both companies will receive
higher exposure which they will benefit from.
It
has been described as a “strong start” by the Lyft chief Logan Green who looks
forward to an expected revenue climb to as much as $810 million during the
second quarter of 2019. Even though Lyft are edging closer to their goal it is
expected that they won’t see genuine profit for a while.
All
of this is exciting news for motoring enthusiasts and signals another point in
the right direction for autonomous vehicles.
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