Tags: lyft | self | driving | california

Lyft Wins Permit to Test Self-driving Cars in California

Lyft Wins Permit to Test Self-driving Cars in California
(DreamsTime)

Thursday, 23 November 2017 12:23 PM EST

U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses.

Lyft's permit, reflected on the California Department of Motor Vehicles (DMV) website, comes two months after it announced plans to offer a self-driving car as a ride option in the San Francisco Bay Area.

Lyft already has partnerships in place with autonomous car companies to advance its self-driving strategy.

The firm struck a research collaboration earlier this year with Alphabet unit Waymo. It has also secured deals with Ford Motor Co and startup Nutonomy to incorporate self-driving cars in its fleet.

Lyft's chief rival Uber secured the California permit to test self-driving cars in March. Apple Inc, Samsung Electronics, Tesla Inc and a host of automakers also have the permit. 

Meanwhile, the Uber rival also is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware, news website Axios said.

The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of the $1 billion round announced in October.

Lyft spokesman Adrian Durbin, confirming the funding round, in an e-mailed statement said, “Increasing the potential for this round will allow us to further accelerate our commitment to serving passengers and drivers.”

In October Lyft had said that the previous round of funding boosted its valuation to $11 billion from $7.5 billion. The fresh funding would raise its valuation to $11.5 billion.

© 2026 Thomson/Reuters. All rights reserved.


Companies
U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses.
lyft, self, driving, california
252
2017-23-23
Thursday, 23 November 2017 12:23 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved