May 2018
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partnership and $200 million
investment with Lyft, North
America’s fastest growing
rideshare company.
The first-of-its-kind collaboration
enables the two leaders of industry
to develop and manufacture self-
driving systems at scale and release
self-driving vehicles into Lyft’s
rideshare network over the next
few years.
“There is a new mobility
landscape emerging and partnerships
like this put us at the forefront of
this change,” said Swamy Kotagiri,
Magna’s Chief Technology Officer.
“Lyft’s leadership in ridesharing
and Magna’s automotive expertise
makes this strategic partnership ideal
to effect a positive change as a new
transportation ecosystem unfolds.”
According to a press release
from Magna, the details of this
partnership include:
• Lyft will lead the co-development
of the self-driving system at its
Palo Alto-based self-driving
engineering center
• Magna will lead manufacturing
and join Lyft’s development
team onsite, contributing their
vehicle systems knowledge,
safety and ADAS expertise,
and manufacturing capabilities
• Lyft and Magna will share
jointly created IP and utilize
Lyft data to improve systems
• Lyft will utilize Magna’s vast
automotive experience for its
fleet’s self-driving systems
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• This scalable technology is
expected to be market-ready
over the next few years and
can be deployed across the
industry through Magna
“Together with Magna, we
will accelerate the introduction
of self-driving vehicles by sharing
our technology with automotive
OEMs worldwide,” said Logan
Green, CEO for Lyft. “This is
an entirely new approach that will
democratize access to this
transformative technology.”
Magna is a mobility technology
company and one of the world’s
largest automotive suppliers with
335 manufacturing operations and
96 product development, engineering
and sales centers located across 28
countries. Lyft is the fastest growing
rideshare company in the U.S.
and is available to 95 percent of
the U.S. population.
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