MAGNA Partnership with Lyft

Interesting movement in the Self Driving car area. Who cares?

Lots of driver assistance and LiDAR sensing patents with MVIS at Magna.

There are some Magna Patents that mention MVIS... more than a few.


BizJournals

Together with Magna, we will accelerate the introduction of self-driving vehicles by sharing our technology with automotive (original equipment manufacturers) worldwide,” Lyft CEO Logan Green said in a statement. “This is an entirely new approach that will democratize access to this transformative technology."

Along with its partnership, Magna will invest $200 million in Lyft. The funding is part of a $1.7 billion round led by Alphabet’s investment arm CapitalG, according to The Wall Street Journal, and brings Lyft’s valuation to $11.7 billion.

“Lyft’s leadership in ridesharing and Magna’s automotive expertise makes this strategic partnership ideal to effect a positive change as a new transportation ecosystem unfolds,” Magna Chief Technology Officer Swamy Kotagiri said in a statement.