Zimride re-incorporated as Lyft, Inc. in May, 2012.
Lyft is a peer-to-peer transportation platform that connects passengers who need rides with drivers willing to provide rides using their own personal vehicles.
Lyft was started in 2012 with the mission of building a peer-to-peer transportation solution that would help make cities safer, more affordable and better connected. Lyft now operates in 68 cities across the U.S.
When using Lyft, passengers have three options when it comes to choosing their ride: Lyft: the original offering that matches a passenger (and their friends) with a driver nearby; Lyft Line (currently available in San Francisco and Los Angeles): shared rides along shared routes, priced for daily use. Once passengers set their destination, Lyft will connect them to a ride already going the same way; and Lyft Plus: Lyft's six-passenger ride for when passengers need more space, or want to roll with more of their friends.
Lyft Inc. launched out of Zimride, Inc. in 2012 and is based in San Francisco. In May 2013, Lyft sold Zimride to Enterprise Holdings.
Funding Rounds (9) - $2.01BUpdate
|Date||Amount / Round||Valuation||Lead Investor||Investors|
|Dec, 2015||$1B / Series F||—||General Motors||9|
|May, 2015||$150M / Series E||—||Icahn Enterprises||6|
|Mar, 2015||$530M / Series E||—||Rakuten||8|
|Apr, 2014||$250M / Series D||—||Coatue Management||9|
|May, 2013||$60M / Series C||—||Andreessen Horowitz||3|
|Jan, 2013||$15M / Series B||—||Founders Fund||6|
|Sep, 2011||$6M / Series A||—||Mayfield Fund||4|
|Aug, 2010||$1.2M / Seed||—||4|
|Jul, 2008||$300k / Seed||—||fbFund||1|
Current Team (34)Update
Lyft and GM have partnered to provide affordable access to cars like the Chevrolet Equinox.
Lyft is a friendly, safe, and affordable transportation option. Just tap a button and in minutes you’ll be riding in the front seat with a
As a customized solution, Lyft for Work allows companies to provide rides for employees, potential recruits, business partners, etc.
Lyft Line, the product is designed to lower costs for passengers by having multiple people ride together when they share a common route.
Lyft Plus is similar to the regular Lyft ride, but all vehicles can accommodate at least 6 passengers. Rates are 50% higher.
|Sep 22, 2016||TechCrunch - Flywheel expands Uber-like system for taxi cabs to NYC|
|Sep 20, 2016||CIO - Obama administration rolls out policy for self-driving vehicles|
|Sep 19, 2016||PC World - Obama administration rolls out policy for self-driving vehicles|
|Sep 19, 2016||Consumerist - Lyft Exec: “Majority” Of Company’s Rides Will Be In Self-Driving Cars Within 5 Years|
|Sep 19, 2016||Boston Tech Flash - Lyft chief makes bold predictions of rapid shift to self-driving cars|
|Sep 19, 2016||TechCrunch - Lyft’s ambitious future vision includes self-driving dominance by 2021|
|Sep 19, 2016||Mac World - Robot cars will make up most of Lyft’s rides in five years|
|Sep 19, 2016||CNet - Urban car ownership will soon die, Lyft co-founder reckons|
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