Mobileye announced plans to launch a vertically integrated robotaxi service in a U.S. city in 2027. The company intends to deploy an initial fleet of approximately 100 autonomous vehicles the following year, with a plan to scale to about 17,000 vehicles over the subsequent five years.

The company's stock price increased approximately 6 percent following the announcement of its robotaxi service plans. The service will utilize its Moovit mobility platform for ride booking and operational coordination. Amnon Shashua, founder and chief executive officer of Mobileye, stated the initiative extends existing partnerships.

Shashua said, "Mobileye has spent more than two decades building the technologies required for autonomous driving. Today we are taking the next step: combining those technologies with operational ownership to create a financially and geographically scalable robotaxi business designed from the ground up for global deployment." He said, "This initiative is not a replacement for our existing partnerships; it is an extension of them. We remain deeply committed to enabling automakers and mobility providers with Mobileye Drive. At the same time, operating our own service allows us to accelerate adoption, gain direct operational experience, and showcase the full potential of autonomous mobility."

Intel acquired Mobileye in 2017, and it completed an initial public offering in 2022. It announced a partnership with Lyft to deploy robotaxis in Dallas and developed the SuperVision advanced driver assistance system, which includes cameras and radar sensors. SuperVision is currently implemented in vehicles manufactured by Porsche and Polestar.

It previously provided advanced driver assistance systems to Tesla, which used the technology within its Autopilot system during the mid-2010s. It ceased supplying Tesla in 2016. It also partnered with Volkswagen Group's MOIA division to develop a commercially available robotaxi based on the ID. Buzz minivan. Other companies are also involved in the autonomous vehicle sector; Waymo currently operates autonomous ride-hailing services in 11 U.S. cities and plans to expand to London and Tokyo. Zoox announced a partnership to operate autonomous vehicles through the Uber application in Las Vegas.

No independent assessment was available for this report.