Lyft Company Review & Valuation
About Lyft, Inc.
operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
It provides Ridesharing Marketplace, which facilitates lead generation, billing and settlement, support, and related activities to enable drivers to provide their transportation services to riders.
The company also offers a network of shared bikes and scooters in various cities to address the needs of riders for shorter routes; Express Drive program, a flexible car rentals program which connects drivers who need access to a car with third-party rental car companies; and concierge for organizations to manage the transportation needs of their customers and employees.
In addition, it integrates third-party public transit data into the Lyft app to offer various enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home, and shuttle replacement rides.
The company was formerly known as Zimride, Inc.
and changed its name to Lyft, Inc.
was incorporated in 2007 and is headquartered in San Francisco, California.