BUZZ-Mobileye rises as it locks deal with Lyft

Reuters

2025/02/10

** Shares of Mobileye MBLY.O rise 13.2% to $18.31 in early trading

** Lyft LYFT.O to lauch Mobileye-powered robotaxi to its app "as soon as 2026" in Dallas, Texas

** Shares of ride-hailing platform Lyft rise 5.3% to $14.93 in early trading

** Marubeni, a Japanese conglomerate with experience managing fleets, will own and finance the Mobileye-equipped vehicles that will show up on Lyft app, CEO David Risher said.

** In 2024, LYFT and MBLY shares fell 2.1% and 54.1%, respectively

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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