Who owns Lyft?

Lyft offers mobility as a service, ride-hailing, and vehicles for hire. Additional services include motorized scooters, bicycle-sharing systems, rental cars, and food delivery. Services are available throughout the United States and Canada.

Lyft does not own any vehicles; instead, they receive a commission from each booking. Fares are quoted to the customer in advance, but vary using a dynamic pricing model based on the local supply and demand at the time of the booking.

The company was launched in 2012 by Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport. In May 2013, the company changed its name from Zimride to Lyft.

In 2014, the company introduced its shared ride concept, which provides cheaper fares to users. In 2017, Lyft expanded into Canada with operations in the Toronto, Hamilton, and Ottawa metropolitan areas.

Lyft has continued to expand its portfolio by partnering with Allscripts to create a platform that allows healthcare providers to arrange rides for patients who lack transportation to appointments. This service is available to 2,500 hospitals, 180,000 physicians, and approximately seven million patients.

Lyft is headquartered in San Francisco, California but has service locations in the following areas:

• Atlanta

• Austin

• Chicago

• Denver

• Los Angeles

• Phoenix

• Philadelphia

• San Carlos

• San Diego

• San Francisco

Lyft reported $609 million in revenue in Q1 of 2021 and $875.6 million in revenue in Q2. Lyft has approximately 4,400 employees.