Ride-hail giant Lyft plans to bring fully autonomous robotaxis, powered by Mobileye, to its app “as soon as 2026” in Dallas, with more markets to follow,

Lyft stock was rising Monday after the company revealed that it would launch self-driving robotaxis in collaboration with Mobileye “as soon as 2026.” The ride-hailing company plans to bring fully autonomous robotaxis powered by the Mobileye Drive system to its app as early as next year.

Ride-hailing platform Lyft (LYFT) has partnered with Mobileye (MBLY), an autonomous driving technology provider, to launch fully autonomous

Lyft is scrambling to compete as Uber racks up autonomous vehicle (AV) partners. On Monday, Lyft said it partnered with Japanese conglomerate Marubeni to bring robotaxis to Dallas roads as soon as next year before expanding to “thousands of vehicles” in other cities.

Riding-hailing company Lyft Inc. is reportedly set to launch a fleet of robotaxis powered by Mobileye Global Inc. by 2026 as the company seeks to compete with similar emerging services from the likes of Uber Technologies Inc. and Tesla Inc.

Shares of Lyft traded higher on Monday as TechCrunch reported that the ride-hailing company is planning to bring fully autonomous robotaxis, powered by Mobileye, to its app possibly by 2026, starting in Dallas.

Ridesharing giant Lyft CEO David Risher has said that his company is teaming with Israeli advanced driving assistance systems (ADAS) company Mobileye Global Inc (Nasdaq: MBLY) to launch robotaxis in Dallas in 2026. The plan was first reported by "TechCrunch," which said that more markets would follow.

Lyft shares tumbled close to 14% in premarket trading on Wednesday after the company issued weaker-than-expected guidance for first-quarter gross bookings,

U.S. ride-hailing firm Lyft plans to launch "as soon as 2026" fully autonomous robotaxis in Dallas, powered by Mobileye's technology, CEO David Risher said on Monday. Shares of Lyft rose 4.6% in early morning trading,