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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen6/26/2017 4:20:20 PM
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Google’s parent wants Avis to help manage its self-driving fleet



One of the nation’s biggest rental-car companies will be supporting Alphabet’s latest venture into self-driving cars, the two firms said Monday.

Avis Budget Group, the company that owns the Avis, Budget and Zipcar brands, has signed a deal to help maintain Alphabet’s self-driving car fleet in Phoenix, which began serving members of the public in April.

The pilot program in Arizona has been picking up passengers and dropping them off as part of an experiment tinkering with the future of transportation. Waymo’s test is an effort to understand where people want to go with self-driving cars, and how they interact with them. It’s similar to the one Uber launched in Pittsburgh last year involving the company’s own self-driving cars.

The maintenance deal does not appear to extend to the actual rental of self-driving cars; riders who wish to use Waymo’s vehicles must apply for permission to participate in the company’s early rider program. Still, the deal highlights the way that rental companies, with their nationwide scale and experience maintaining vehicle fleets, could become key players in the spread of self-driving technology.

washingtonpost.com

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