Lyft

Adit Ventures announces Chief Operating Officer

Thursday, July 22, 2021 - 6:06pm

NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee.

Key Points: 
  • NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee.
  • "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth.
  • He brings decades of institutional experience and industry knowledge to Adit's growing team of 16 professionals" said Eric Munson, Founder & CIO of Adit Ventures.
  • Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors.

Lyft and HERE Technologies partner to improve the rideshare experience through better data

Wednesday, July 21, 2021 - 1:00pm

The new features increase search accuracy and the customer experience on Lyft's platform, while keeping user data private.

Key Points: 
  • The new features increase search accuracy and the customer experience on Lyft's platform, while keeping user data private.
  • Destination searches and ETAs have always been a crucial part of the overall Lyft user experience, said Ashwin Raj, Head of Rideshare at Lyft.
  • HERE will also improve the efficiency of our marketplace, creating more reliability as well as a better experience for our riders.
  • Together, the two companies are exploring additional ways to use HEREs precise search and location data to garner more insights for Lyft riders.

Argo AI and Ford to Launch Self-Driving Vehicles on Lyft Network by End of 2021

Wednesday, July 21, 2021 - 4:24pm

In an industry-first collaboration, Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale.

Key Points: 
  • In an industry-first collaboration, Argo AI, Lyft and Ford Motor Company are working together to commercialize autonomous ride hailing at scale.
  • Argo AI and Ford will deploy Ford self-driving cars, with safety drivers, on the Lyft network, as part of a network access agreement, with passenger rides beginning in Miami later this year and in Austin starting in 2022.
  • As vehicles are deployed, Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride.
  • Ford designs, manufactures, markets and services a full line of connected, increasingly electrified passenger and commercial vehicles: Ford trucks, utility vehicles, vans and cars, and Lincoln luxury vehicles.

Woven Planet Holdings, a Subsidiary of Toyota Motor Corporation, Closes Acquisition of Lyft's Level 5 Division

Tuesday, July 20, 2021 - 1:01am

TOKYO, July 20, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021.

Key Points: 
  • TOKYO, July 20, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021.
  • With the acquisition in place, Woven Planet will be provided with technology, talent, and an international footprint that will accelerate its efforts.
  • "As the first major acquisition for the Woven Planet Group, Level 5 represents a significant investment in our future.
  • Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.

Lyft To Announce Second Quarter 2021 Financial Results

Monday, July 19, 2021 - 9:05pm

Lyft, Inc. (Nasdaq: LYFT) (the Company or Lyft), today announced that it will release financial results for its second fiscal quarter ended June 30, 2021 after the close of the market on Tuesday, August 3, 2021.

Key Points: 
  • Lyft, Inc. (Nasdaq: LYFT) (the Company or Lyft), today announced that it will release financial results for its second fiscal quarter ended June 30, 2021 after the close of the market on Tuesday, August 3, 2021.
  • On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights.
  • Lyft was founded in 2012 and is one of the largest transportation networks in the United States and Canada.
  • As the world shifts away from car ownership to transportation-as-a-service, Lyft is at the forefront of this massive societal change.

Albertsons Companies Further Enhances Its Pharmacy COVID-19 Offerings; Passes 6 Million Vaccinations

Monday, July 19, 2021 - 3:00pm

These offerings build on the Companys leading efforts in administering 6 million COVID-19 vaccinations to date through its 1,700 pharmacies nationwide.

Key Points: 
  • These offerings build on the Companys leading efforts in administering 6 million COVID-19 vaccinations to date through its 1,700 pharmacies nationwide.
  • As front-line healthcare providers, our pharmacy teams have been heroic in administering millions of vaccinations to our customers across the country and providing them with critical information and solutions during these unprecedented times, said Omer Gajial, Albertsons Companies SVP of Pharmacy and Health.
  • This information will also be shared with anyone receiving the vaccine in the future at one of the Companys pharmacy locations.
  • Lastly, the Company is partnering with Lyft to offer discounted rides to and from any of Albertsons Cos. pharmacy for vaccinations.

Woven Planet Holdings, a Subsidiary of Toyota, to Acquire CARMERA

Thursday, July 15, 2021 - 12:07am

TOKYO, July 15, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the acquisition of CARMERA, Inc. ("CARMERA"), a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale.

Key Points: 
  • TOKYO, July 15, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the acquisition of CARMERA, Inc. ("CARMERA"), a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale.
  • This is the second major deal for Woven Planet in North America, following the April 2021 announcement to acquire Level 5, the self-driving division of Lyft.
  • Once the deal is closed, the CARMERA team will report into the Automated Mapping Platform ("AMP") organization of Woven Alpha, Inc. ("Woven Alpha").
  • Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet Group is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.

IBI Group Partners with LA’s Urban Movement Labs to Shape the Future of Mobility

Thursday, July 15, 2021 - 12:30pm

Other founding partners include Lyft, Verizon, Avis Budget Group, Moceanlab, Waymo, and the Los Angeles Cleantech Incubator.

Key Points: 
  • Other founding partners include Lyft, Verizon, Avis Budget Group, Moceanlab, Waymo, and the Los Angeles Cleantech Incubator.
  • As an organization that is aligned with our philosophy of fostering innovative, sustainable and resilient cities, we are excited about the synergies and opportunities the Urban Movement Labs partnership provides, said IBI Group CEO, Scott Stewart .
  • Our mobility future must be a collaboration between smart city providers, local governments, and the community-at-large.
  • For more information and/or to connect with an IBI Group professional, please contact Julia Harper at Julia.harper@ibigroup.com or 1-647-330-4706.

Woven Planet Holdings, a Subsidiary of Toyota, to Acquire CARMERA

Wednesday, July 14, 2021 - 10:00pm

Woven Planet Holdings, Inc. (Woven Planet), a subsidiary of the Toyota Motor Corporation, announced the acquisition of CARMERA, Inc. (CARMERA), a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale.

Key Points: 
  • Woven Planet Holdings, Inc. (Woven Planet), a subsidiary of the Toyota Motor Corporation, announced the acquisition of CARMERA, Inc. (CARMERA), a U.S.-based spatial AI company, which specializes in bringing next-generation road intelligence to automated mobility at scale.
  • This is the second major deal for Woven Planet in North America, following the April 2021 announcement to acquire Level 5, the self-driving division of Lyft.
  • Woven Alpha focuses on exploring new strategic areas for business expansion and incubates several innovative projects such as Woven City and Arene, which is Woven Planets open software platform.
  • Founded in 2018 as Toyota Research Institute - Advanced Development (TRI-AD), Woven Planet Group is composed of four complementary companies: Woven Planet Holdings, Woven Core, Woven Alpha, and Woven Capital.

Wise Systems Announces Partnership with Mitsubishi Fuso to Launch AI-Driven Routing and Dispatching Solutions in Japan

Thursday, July 15, 2021 - 12:00pm

The partnership extends Wise Systems' reach to the commercial vehicle industry in Japan, one of the busiest last-mile markets in the world.

Key Points: 
  • The partnership extends Wise Systems' reach to the commercial vehicle industry in Japan, one of the busiest last-mile markets in the world.
  • From the fourth quarter of 2021, Wise Systems will be offered as part of MFTBC's digital solutions portfolio.
  • "We are honored to work with Mitsubishi Fuso to offer the Wise Systems portfolio of products and solutions to MFTBC's customers in Japan.
  • Wise Systems is headquartered in Cambridge, MA, and Wise Systems Japan has offices in Tokyo, Japan.