Ride-hailing company Lyft is partnering with online used auto retailer Carvana to get people to ditch their cars. Residents of New York, Chicago or San Francisco who trade in and sell their vehicles on Carvana’s platform will receive $250 in Lyft credit along with a three months of free membership in Lyft’s monthly subscription service Pink.
Eric Walz2019-11-07 10:45 PT
In an attempt to aid in the development of self-driving vehicles, Lyft is making what it claims to be the “largest publicly released dataset of its kind” public.
Vineeth Joel Patel2019-07-29 07:20 PT
The companies have reached another major milestone since starting the self-driving program at last year’s Consumer Electronics Show.
Vineeth Joel Patel2019-06-05 05:00 PT
Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.
FutureCar Staff 2019-04-02 13:00 PT
Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.
FutureCar Staff 2019-03-28 18:44 PT
Lyft Inc. filed for a U.S. initial public offering (IPO) today, becoming the first ride-hailing company to go public The IPO filing has also lifted the lid on Lyft’s financial picture, giving investors a first look at the company’s financial information.
FutureCar Staff 2019-03-01 14:39 PT
Ride-hailing company Lyft Inc. was granted a U.S. patent for a “autonomous vehicle notification system” that communicates with pedestrians and other road users.
FutureCar Staff 2018-12-12 12:24 PT
The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.
Eric Walz2018-12-06 12:11 PT
Ride hailing company Lyft announced today it is acquiring Blue Vision Labs, a London-based augmented reality startup. Blue Vision Labs specializes in using computer vision technology to add AR features street-level imagery. Blue Vision’s technology will help accelerate Lyft’s efforts toward developing autonomous transportation.
Eric Walz2018-10-23 16:05 PT
The emergence of ride-hailing services such as Uber and Lyft are expected to lead to a decline in personal car ownership, as rides can be summoned with a smartphone as needed. As more people opt for transportation on-demand, car rental company Avis is looking to put its own fleet to work—by renting vehicles to Lyft drivers that would normally be sitting idle in a parking lot.
Eric Walz2018-08-06 12:20 PT
Uber’s main U.S. rival Lyft is getting into the bike-sharing business, as it looks to expand its transportation options to bikes. Financial terms were not disclosed, but media reports previously suggested that Lyft would pay close to $250 million for Motivate’s bike-sharing business.
Jeremy Carlton2018-07-02 17:09 PT
The Information reports that Lyft, the number two ride-hailing company is reportedly close to a deal to buy Motivate, the operator of CitiBike. Sources quoted in the story suggest the acquisition price of $250 million.
Jeremy Carlton2018-06-01 13:41 PT
San Francisco-based Lyft, the second largest ride-hailing service behind Uber, is planning to offer electric scooter rentals in San Francisco as part of its ride-hailing platform. Lyft is gearing up to compete against its biggest rival Uber and other startups in the fast-growing market of electric scooter and bike rentals.
Eric Walz2018-05-22 10:52 PT
Lyft is joining the growing list of major automakers and tech companies working on autonomous driving and related technology at California’s GoMentum Station, the sprawling, former military base in Concord, California.
Eric Walz2018-03-08 15:27 PT
San Francisco-based ride hailing company Lyft, Uber’s main rival in the U.S, has announced its first official expansion into Europe. However, Lyft will not to pick up passengers yet, it has opened its office in Munich, Germany to work on autonomous driving technology.
Eric Walz2018-01-31 13:33 PT
Companies like Uber and Lyft have already caused chaos for traditional taxi companies, but with the rise of driverless vehicles, a new study claims that public transport will be flipped onto its head.
Vineeth Joel Patel2017-10-07 09:30 PT
Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford's self-driving vehicles on the ride hailing company’s network in large numbers by 2021.
Eric Walz2017-09-27 12:45 PT
Alphabet Inc is in discussions with Lyft Inc about a substantial investment in the ride-hailing company, potentially strengthening an existing partnership between the two companies.
Eric Walz2017-09-15 10:56 PT
Lyft is opening a Silicon Valley research facility in Palo Alto, California and plans to heavily recruit new engineering and technical people in the coming weeks to develop self-driving technology.
Eric Walz2017-07-21 12:31 PT
Manish KharintaFeb 17, 2020 3:30 PM PT
Vineeth Joel PatelFeb 17, 2020 8:00 AM PT
Vineeth Joel PatelFeb 16, 2020 4:00 PM PT