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About Lyft
Industries
Automotive & Transportation
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Overview
Company Historically Provides H1B Sponsorship
Lyft connects passengers with drivers through a mobile app, primarily serving urban commuters, students, and tourists in the United States and Canada. The platform offers various ride options, including standard, luxury, and shared rides, catering to different customer preferences. Lyft operates on a gig economy model, where drivers use their own vehicles, and the company earns revenue by taking a commission from each ride fare. In addition to car rides, Lyft provides bike and scooter rentals and has a subscription service called Lyft Pink, which offers benefits like ride discounts. The company emphasizes safety and community guidelines to ensure a secure experience for users and supports drivers with flexible payment options. Lyft's goal is to provide versatile transportation solutions while maintaining a steady income through diverse revenue streams.
Simplify's Take
What believers are saying
- Partnership with StackAdapt boosts Lyft's advertising revenue through increased programmatic demand.
- Military base access pilot with the US Army opens new markets and increases ride demand.
- Higher fees at Logan Airport could lead to increased revenue per ride and sustainability.
What critics are saying
- Self-driving taxis in Atlanta may face regulatory hurdles and public safety concerns.
- Higher fees at Logan Airport might deter passengers if competitors offer better pricing.
- The streamlined app for seniors may not gain traction if not effectively marketed.
What makes Lyft unique
- Lyft's streamlined app for seniors targets an underserved demographic with simplified technology.
- The Women+ Connect feature enhances safety for women and nonbinary drivers and riders.
- Lyft's self-driving taxis in Atlanta position it as a leader in autonomous vehicle technology.
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Funding
Total Funding
$7652.5M
Above
Industry Average
Funded Over
11 Rounds
Coatue Management
Founders Fund
Andreessen HorowitzBenefits
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Family Planning Benefits
Unlimited Paid Time Off
401(k) Retirement Plan
Paid Parental Leave
Pre-tax commuter benefits
Hybrid Work Options
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -1%Lyft is partnering with demand-side platform StackAdapt to bring more programmatic demand into its ad business.
Lyft plans to launch its fleet of self-driving taxis on Atlanta roads this summer, tapping into the growing interest in autonomous transportation.
The US Army is partnering with Lyft and Uber for a military base access pilot program.
Under the agreement, Uber and Lyft will make efforts to increase shared rides with more than one passenger and develop new HOV services.
Lyft is planning to launch a streamlined ride-hailing app designed for seniors later this year, featuring "a simple new look" that presumably includes salt-and-pepper coloring and a cashmere rollneck.
Lyft is Hiring for 152 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Lyft
Industries
Automotive & Transportation
Company Size
10,001+
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2012
Lyft is Hiring for 152 Jobs on Simplify!
Find jobs on Simplify and start your career today