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. Riders have to download the Lyft mobile app to their iOS or Android-based phone, sign up, enter a valid phone number and enter a valid form of payment (either a credit card or link to an Apple Pay, Google Wallet or PayPal account). The Company offers four types of rides within the app: Lyft, Lyft Line, Lyft Plus and Lyft Premier.
Type
Private
HQ
San Francisco, US
Founded
2012
Size (employees)
12,642 (est)+33%
Website
lyft.com
Lyft was founded in 2012 and is headquartered in San Francisco, US
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Key People/Management at Lyft

Logan Green

Logan Green

Co-Founder and CEO
Boris Korsunsky

Boris Korsunsky

Chief Technology Officer
Jon McNeill

Jon McNeill

Chief Operating Officer
John Zimmer

John Zimmer

Co-Founder and President
Paul Thompson

Paul Thompson

Head of Culture
Amit Patel

Amit Patel

Director of Enterprise Partnerships
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Lyft Office Locations

Lyft has offices in Portland, Phoenix, San Francisco, Chicago and in 16 other locations
San Francisco, US (HQ)
5000, 185 Berry St
Austin, US
1021 E 7th St #102
Boston, US
56 Roland St Suite 200
Chicago, US
3976 N Avondale Ave
Denver, US
1401 Zuni St #105
New York, US
31-00 47th Ave 4th floor Long Island Cit
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Lyft Financials and Metrics

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Lyft Financials

Lyft's revenue was reported to be $1 b in FY, 2017 which is a 41.2% increase from the previous period.
USD

Revenue (FY, 2017)

1 b

Revenue growth (FY, 2016 - FY, 2017), %

41.2%

Market valuation

11.5 b
Annual
USDY, 2014Y, 2015Y, 2016FY, 2017E

Revenue

31.6 m200.6 m708 m1 b

Revenue growth, %

535%253%41%

Net Income

(199.4 m)(412 m)(606 m)
Half Year
USDH1, 2016H1, 2017

Revenue

150 m483 m

Net Income

(283 m)(206 m)
USDY, 2017

Revenue/Employee

105.5 k
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Lyft Operating Metrics

Y, 2015Y, 2016Jan, 2017Feb, 2017Jul, 2017Aug, 2017Oct, 2017Y, 2017

Active Cities

258 347 429 500

Daily Rides

1 m

Rides

53.30 m162 m350 m500 m

Rides (US and Toronto)

162.60 m375.50 m
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Lyft Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Kamcord (42)November 17, 2017
DataScore August 10, 2017
YesGraph (6)August 10, 2017
FinitePaths Inc. March 20, 2017
Leo June 26, 2015
Hitch September 22, 2014
Rover April 01, 2014
Cherry March 26, 2013
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Lyft News and Updates

Lyft, Waymo Agree to Work on Self-Driving Car Technology

Lyft, Waymo Agree to Work on Self-Driving Car TechnologyIn the race to the self-driving future, Lyft has agreed to work with Waymo, the self-driving car company owned by Google's parent company, to bring autonomous vehicles to the masses, both companies told NBC News on Sunday night.

Lyft hires former Tesla Autopilot manager for self-driving car efforts

Sameer Qureshi has left his role as a senior manager of Tesla Autopilot Programs and has joined Lyft, according to his LinkedIn. We first saw the news over on Electrek. Tesla declined to comment, but Lyft confirmed Qureshi joined the team this week. At Lyft, Qureshi is now director of product for au…

Lyft Follows Uber in Ending Forced Arbitration For Sexual Harassment Claims

Uber ended the practice hours earlier.

Lyft also ends arbitration policy for sexual assault claims

Shortly after Uber announced the end of its forced arbitration policy for individual claims of sexual assault or harassment by Uber drivers, riders or employees, Lyft has done the same, Recode first reported. This means anyone who alleges sexual misconduct at the hands of Lyft drivers, riders or emp…

Lyft cofounder John Zimmer never ever wants to ride in an Uber

Under no circumstances. In an interview with the New York Times Magazine, Lyft cofounder and president John Zimmer discusses the quickness with which ride hailing has been adopted, the future of self-driving cars, and how, under no circumstances, would he ever take an Uber.Read Full Story

How Lyft Is Working With the U.S. Military

Bypassing security obstacles with credentialed drivers.
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