UPDATE 1-Mobileye to launch robotaxi business in US in 2027

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- Mobileye Global MBLY.O said on Tuesday it would launch its own robotaxi service in the United States, putting the self-driving technology supplier in direct competition with some of the very customers it serves.

The company is planning to prepare an initial fleet of about 100 vehicles targeted for deployment in a major metropolitan U.S. market beginning in 2027. Its shares rose about 4% in premarket trading.

Last year, U.S. ride-hailing platform Lyft LYFT.O said it would deploy fully autonomous robotaxis as soon as 2026 in Dallas, powered by Mobileye's technology.