Lyft (NASDAQ: LYFT) and Mobileye (NASDAQ: MBLY) have announced a new partnership to advance the widespread commercialization of autonomous vehicle (AV) services.

Mobileye will provide its AV technology, integrated into vehicles by specialized manufacturers, to enable large-scale deployment by fleet operators and transportation providers. This alliance will leverage Lyft's network of 40 million annual riders, offering a robust demand platform for Mobileye Drive™-equipped AV fleets in North American cities.

The partnership will also utilize Mobileye’s new cloud-based AV demand technology to connect AV fleets with operators through Lyft's AV Partner APIs, allowing fleet operators to optimize profitability and utilization. Currently, Mobileye Drive-equipped vehicles are piloted in collaboration with mobility operators in Germany, Norway, Croatia, and the U.S., marking progress in Mobileye’s goal to bring autonomous mobility to more passengers worldwide.

David Risher, CEO at Lyft stated: “Mobileye’s full-stack technology is an important part of getting autonomous fleets Lyft-ready.”

Lyft is one of the largest transportation networks in North America, reinventing the way people travel.

Mobileye leads the evolution of mobility with autonomous driving and driver-assistance technologies.

Shares of Moblieye trade on the NASDAQ under the ticker symbol MBLY, while shares of Lyft also trade on the NASDAQ under the ticker symbol LYFT.