Lyft stock soars 20% on Waymo Nashville robotaxi deal
Published Wed, Sep 17 20259:00 AM EDT Updated 22 Min Ago
Key Points- Alphabet’s Waymo said it plans to launch its robotaxi service next year in Nashville, partnering with Lyft for the first time in a commercial deal.
- Riders in Nashville will be able to hail a Waymo vehicle either through the Waymo One or Lyft app.
- Waymo is far ahead of the competition in the U.S., having logged over 10 million paid trips.
Waymo has partnered with Uber to get its robotaxis into Atlanta and Austin, Texas. Now it’s teaming up with Lyft for the first time in a commercial deal to enter Nashville next year.
Lyft stock rocketed 20% higher on the news.
Riders in Nashville will be able to hail a Waymo robotaxi through the Waymo One app, and Lyft will add Waymo robotaxis to its platform over time, the companies said in a joint statement 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 companies said.
Waymo, which is owned by Alphabet
, has taken a big lead in the U.S. robotaxi market, launching in Phoenix, San Francisco and Los Angeles, as well as Austin and Atlanta. It surpassed 10 million paid trips in May, and has plans to start commercial operations next year in Miami, Washington, D.C., Dallas, Denver, and now Nashville.
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