LYFT

LYFT

Lyft is an on-demand ride sharing platform for friendly and affordable rides. Drivers are matched with passengers who request rides through the Lyft iPhone or Android app. Passengers don’t need to pay in person as the transaction is automated through the app. Drivers can earn income on something they already own: their car.

COMPANY DETAILS

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.

FUNDING ROUNDS*

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.