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Lyft sells self-driving tech unit to Toyota for $706m

By Tina Bellon

Apr 27 2021 12:45PM

Allows ride-hail company to hit profitability target earlier.

Lyft sells self-driving tech unit to Toyota for $706m

Lyft will sell its self-driving technology unit to Toyota in a US$550 million (A$706 million) deal, allowing the ride-hail company to hit its profitability target one quarter earlier. The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with ...

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