Lyft Inc (Lyft) is a provider of Transportation-as-a-Service (TaaS). The company offers ride sharing, bikes and scooters rental, access to autonomous vehicles and provision of transportation options through platform and mobile-based applications. Lyft operates as a peer-to-peer marketplace between drivers and riders. It also offers various tools and solutions to businesses for managing the transportation needs of their customers and employees. The company through its Lyft app connects rideshare, bikes, scooters, car rentals and transit in one place. Lyft collaborates with various organizations to provide transportation services. It operates in various market across the US and Canada. Lyft is headquartered in San Francisco, California, the US.
Headquarters
United States of America
Address
Suite 5000, 185 Berry Street, San Francisco, California, 94107
Website
www.lyft.com
Telephone
1 844 2502773
No of Employees
5,064
Industry
Technology and Communications
Ticker Symbol & Exchange
LYFT (NASD)
Revenue (2023)
$4.1B
35.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
39.4%
(2023 vs 2022)
Market Cap*
$3.7B
Net Profit Margin (2022)
XYZ
55.3%
(2023 vs 2022)
* As of and is in US$
Lyft Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Transport as a Service |
| Marketplace |
| Ride Sharing |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In December, the company and EVgo announced the launch of a new EV charging discount program for rideshare drivers on the Lyft platform. |
| 2022 | Contracts/Agreements | In November, the company partnered with Alaska Airlines for a new way for Mileage Plan members to earn extra miles. |
| 2022 | Contracts/Agreements | In October, the company selected Mobilitas to expand ride-sharing commercial insurance coverage. |
Competitor Comparison
| Key Parameters | Lyft Inc | General Motors Co | Uber Technologies Inc | Hertz Global Holdings Inc | ANI Technologies Pvt Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | India |
| City | San Francisco | Detroit | San Francisco | Estero | Bengaluru |
| State/Province | California | Michigan | California | Florida | Karnataka |
| No. of Employees | 5,064 | 157,000 | 29,300 | 23,000 | 7,000 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sean Aggarwal | Chairman | Executive Board | 2019 | 56 |
| Logan Green | Chief Executive Officer; Director | Executive Board | 2007 | 38 |
| Elaine Paul | Chief Financial Officer | Senior Management | 2022 | 54 |
| Ashwin Raj | Head - Rideshare | Senior Management | 2021 | 51 |
| Kristin Sverchek | President - Business Affairs | Senior Management | 2021 | 39 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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