Argo AI, Lyft and Ford Motor Company said today are working together to commercialize autonomous ride hailing at scale. The collaboration in theory provides all of the ingredients necessary to create a viable autonomous ride hailing service. These include self-driving technology, a vehicle fleet and transportation network needed to support what’s hoped to be a growing business and satisfied riders. (Lyft and Motional to Deploy Fully Self-Driving Vehicles in 2023, Volkswagen, Argo AI to Start Autonomous Driving Tests, Milestones: Volkswagen Completes Promised Argo AI Funding, Ford and Austin Launch Mobility Challenge Program, Ford Smart Mobility, Zotye Ink MOU on Chinese Ride Hailing)
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 positioned, Lyft users within the defined service areas will be able to select a Ford self-driving vehicle to hail a ride. “This initial deployment phase will lay the groundwork for scaling operations, as the parties are now working to finalize agreements aiming to deploy at least 1,000 autonomous vehicles on the Lyft network, across multiple markets over the next five years,” the companies claimed.
To support self-driving vehicle deployments at scale, Ford has established a presence in Miami, Austin and Washington, D.C. This includes operations to support commercial fleets, including fueling, servicing and cleaning. Ford says it also has established community relationships, including “working closely with city leaders to provide valuable mobility solutions to meet their unique needs.”
The collaboration is designed to scale autonomous vehicle deployment using market and safety data that helps define where self-driving technology can safely serve consumers. As part of the agreement, Argo will use anonymized service and fleet data from Lyft to overcome the challenges faced by other autonomous vehicle companies by focusing on where they can build a sustainable business and validate deployment through localized safety data. In addition, Lyft will receive 2.5% of the common equity of Argo AI as part of the licensing and data access agreements to collaborate on the safe commercialization of autonomous vehicles.
“Argo and Ford are currently piloting, mapping and preparing for commercial operations of autonomous vehicles in more cities than any other AV collaboration, and this new agreement is a crucial step toward full commercial operations – the addition of Lyft’s world-class transportation network,” said Scott Griffith, CEO, Ford Autonomous Vehicles & Mobility Businesses. “These three companies share a belief that autonomous vehicles will be a key enabler for a cleaner, safer and more efficient urban mobility landscape. This is the beginning of an important relationship between three dynamic companies ultimately aiming to deliver a trusted, high-quality experience for riders in a multi-city large scale operation over time.”
Commerce to Make $3B Economic Development Investment
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department of Commerce’s Economic Development Administration (EDA) will implement a series of programs called Investing in America’s Communities to invest the $3 billion it received from President Biden’s American Rescue Plan Act to fund communities for the future. The EDA investment is the largest economic development initiative from the Department of Commerce in decades.
“President Biden’s American Rescue Plan delivered direct relief to the American people and was the first step to energizing the American economy following the devastating impacts of the coronavirus pandemic,” said Secretary Raimondo. “Now, its medium-term investments will allow communities around the country not only rebuild but re-imagine their economy for the future.” First announced on April 14, the plan has faced Republican opposition obstructionism because it apparently helps the working class and is that their usual program of ultra-rich welfare. Continue reading →