U.S. ride-hailing company Lyft (NASDAQ:LYFT) plans to launch fully autonomous robotaxis powered by Mobileye, adding them to its app for use in Dallas “as soon as 2026”, reported by TechCrunch on Monday.

The Mobileye-equipped vehicles will be owned and financed by Marubeni, a Japanese conglomerate with experience managing fleets.

Shares of Lyft rose as much as 10% in premarket trading following the report, while Mobileye jumped 9.5%.

Lyft has not yet announced which automaker will supply the vehicles, but the TechCrunch report notes that Mobileye’s technology is already integrated into cars from Audi, Volkswagen, Nissan (OTC:NSANY), Ford (NYSE:F), and General Motors (NYSE:GM), among others.

Lyft’s Chief Policy Officer, Jeremy Bird, told TechCrunch that the initial launch in Dallas would scale to thousands of vehicles across multiple cities. He added that securing a fleet owner was a crucial step for Lyft’s asset-light business model. “We have the platform, so it’s the ownership of the fleet that’s the big missing piece,” Bird told TechCrunch. He added: “When you have somebody that has experience in [fleet management] and the resources and the willingness to be a first-mover, that changes the game for us.” 

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