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Element Fleet Management in Multi-Year Partnership With Waymo

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Element Fleet Management (EFN.TO) Monday announced a multi-year partnership with Waymo to support the large-scale deployment and operation of self-driving fleets.

Element Mobility will provide end-to-end fleet management and operational services to Waymo, including vehicle lifecycle management, charging infrastructure and energy management. Waymo will offer its ride-hailing service to the public through the Waymo app, while maintaining responsibility for the Waymo Driver's validation and performance, a statement said.

The partnership will initially launch in San Diego and expand to other markets over time.

Element Fleet shares closed up $0.55, to $26.57 on Friday on the Toronto Stock Exchange.

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