Aptiv and Lyft’s autonomous taxi fleet has completed 5,000 paid journeys
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Aptiv and Lyft’s autonomous taxi fleet has completed 5,000 paid journeys

Aptiv, the company formerly known as Delphi Automotive, and a specialist in the systems, sensors, and software that will let vehicles drive themselves, has been operating a small fleet of self-driving cars, in partnership with ride-hailing service Lyft, in Las Vegas since the Consumer Electronics Show (CES) at the beginning of the year. This little fleet has just passed a major milestone: the completion of 5,000 paid journeys.

Over the past year, Aptiv’s share price has risen by 6%

graph 0609 aptiv

SOURCE: Yahoo Finance

According to Lyft and Aptiv, they are currently running the only commercial robot taxi service in the U.S. “and perhaps the world.” That’s not to say other companies aren’t running pilots – but no one in the world is actually operating a paid service like Lyft and Aptiv. That said, the fleet is not exactly a massive operation: it consists of 20 vehicles servicing a similar number of destinations on the Las Vegas Strip. Still, the apparent success that the two partners say they’ve had has encouraged them to add a further 10 cars over the next few weeks.

Speaking to The Verge, Lyft’s product lead for its self-driving platform, Jody Kelman, said: “We really want this to be something accessible to all Lyft passengers in Las Vegas. Everyone from your grandma to the bachelorette party. One of the things that’s really different about this for us is that we think of this as a scaled program. In starting to charge our passengers for rides, that’s really for us a notable transition into something we want to continuously operate on the Lyft network as a real part of our transportation operation.”

Disclosure

Dominion holds Aptiv in its Global Trends Managed Fund.


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