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Lyft history
Lyft company history timeline
In 2012, though, Zimmer and Green introduced Lyft as a service of Zimride that offered ridesharing for much shorter trips.
In 2012, Green wanted to pitch investors on self-driving cars as part of Lyft's future offering.
Lyft has become a household name from the time it was launched in 2012.
Founded in the year 2012, this company operates in more than 65 countries in USA and aims to expand its horizons in the coming years.
Lyft announces that it will retire the pink mustaches that adorned the grills of its drivers’ cars since 2012.
In May 2013, the company officially changed its name from Zimride to Lyft.
The altered service was then launched in New York in July, 2014.
In August 2014, the company introduced a shared ride concept, which provides cheaper fares.
In November 2014, the company distanced itself from the fist bump.
In January 2015, Lyft introduced a small, glowing plastic dashboard mustache it called a "glowstache" as an alternative to the large fuzzy mustaches on the front of cars.
In December 2015, Lyft became the first ridesharing company allowed to pick up passengers at Los Angeles International Airport.
Speculation erupts about what effect this would have on a strategic alliance between Didi, Lyft, Ola Cabs, and GrabTaxi, that had been ongoing since December 2015.
On May 5, 2016, Lyft and General Motors announced, as part of their partnership, that it planned to begin testing self-driving cars within the next year.
In 2016, Lyft saw revenues of $700 million and was well on its way to changing the way the world gets a ride.
Riding is the new driving- It was launched in 2016 with a one-minute message showing the traffic drive with a heart vibe.
By January 2017, Lyft announced that it would add 100 US cities to its list of cities served, bringing the total 300 US cities.
In December 2017, Lyft expanded into Canada, with operations in the Toronto, Hamilton and Ottawa metropolitan areas.
In March 2018, Lyft partnered with GoMentum Station to test its self-driving technology.
A May 2018 report by the Economic Policy Institute found the average hourly wage for drivers to be $9.21.
It also owned Blue Vision Labs, a London-based augmented reality startup, acquired in 2018 for $72 million.
Their latest funding was raised on March 01, 2019.
In March 2019, Lyft became a public company via an initial public offering, raising $2.34 billion at a valuation of $24.3 billion.
In December 2019, Uber and Postmates sued California, claiming AB5 is unconstitutional.
The program began as Lyft Rentals in 2019 with Lyft owning and operating its own rental fleet in Los Angeles and San Francisco.
How to Human campaign was launched in 2019 to normalize the world after a long fight with the COVID pandemic.
In March 2020, Lyft acquired Halo Cars which pays drivers to display digital advertisements on top of their vehicles.
In August 2020, Lyft began a partnership with rental car company Sixt to let users access rental cars.
In 2020, they spent tens of millions of dollars campaigning in support of California's Proposition 22, which passed, granting them a special exception to Assembly Bill 5 by classifying their drivers as "independent contractors", exempting employers from providing benefits to certain drivers.
In the year 2020, Lyft earned its revenue of approximately $2.3 billion.
In March 2021, the UK Supreme Court ruled that Uber has to classify all of its drivers not as independent contractors but as workers, complete with the standard benefits.
In April 2021, Lyft sold its self-driving car division to Toyota for $550 million.
Uber is the leading ride-sharing platform in the United States acquiring about 71% market share of rides sharing as noted in Jan 2022.
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Lyft competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Uber Technologies | 2009 | $44.0B | 22,800 | 23 |
| Intuit | 1983 | $16.3B | 10,600 | 1,058 |
| Avis Budget Group | 1946 | $5.4B | 30,000 | 957 |
| eBay | 1995 | $10.3B | 13,300 | 173 |
| DoorDash | 2013 | $10.7B | 6,000 | 3,333 |
| Groupon | 2008 | $492.6M | 6,000 | 19 |
| Airbnb | 2008 | $11.1B | 5,597 | 33 |
| Square | 2009 | $24.1B | 3,835 | 8 |
| Instacart | 2012 | $1.5B | 10,000 | 120 |
| Yelp | 2004 | $1.4B | 3,900 | 119 |
Lyft history FAQs
Zippia gives an in-depth look into the details of Lyft, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Lyft. The employee data is based on information from people who have self-reported their past or current employments at Lyft. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Lyft. The data presented on this page does not represent the view of Lyft and its employees or that of Zippia.
Lyft may also be known as or be related to Lyft, Lyft Inc and Lyft, Inc.