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||7|
|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 (35)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.
|Oct 24, 2016||TechCrunch - Lyft tests Line memberships to help you save money|
|Oct 20, 2016||Consumerist - Tesla’s Future Fully Self-Driving Cars Won’t Be Allowed On Uber, Lyft Platforms|
|Oct 20, 2016||Boston Tech Flash - Business travelers pick Uber, Lyft at greater rates than ever before|
|Oct 20, 2016||Washington Post - Elon Musk’s strategy for taking on Uber and Lyft|
|Oct 20, 2016||Techdirt - Come On Elon! Tesla Stupidly Bans Owners From Using Self-Driving Teslas For Uber|
|Oct 19, 2016||PC World - Tesla cars to have full self-driving gear, but feature disabled for now|
|Oct 19, 2016||Business Wire - According to Solstin, Self-Driving Vehicles Open the Next Wave of Electrification|
|Oct 19, 2016||TechCrunch - Stripe launches Radar to tackle e-commerce fraud with machine learning|
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