Urban Movement Labs (UML) brings together the diverse players needed to successfully implement the next generation of mobility solutions to ensure a sustainable, equitable and accessible future for transportation in Los Angeles, and to generate learnings to be replicated in urban environments around the world. Photo via Depositphotos. Avis Budget Group announces today it is… Continue reading Avis Joins LA’s Urban Mobility Lab
Tag: Lyft
Lyft is ceasing scooter operations in six cities and laying off 20 employees
In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where… Continue reading Lyft is ceasing scooter operations in six cities and laying off 20 employees
Lyft Adds Thousands of Hybrids to its Rental Car Fleet, Expanding on Recent Sustainability Efforts
In 2019, we added electric vehicles (EVs) to our rental car fleet, providing a cleaner transportation option for Lyft riders, and increasing net earnings for our driver community. But our work was not yet done: more drivers expressed interest in fuel-efficient vehicles than there were EVs available, so additional cars were needed to meet the… Continue reading Lyft Adds Thousands of Hybrids to its Rental Car Fleet, Expanding on Recent Sustainability Efforts
Lyft deploys 200 long-range EVs for its rideshare rental fleet in Colorado
Lyft is making 200 new long-range EVs available to rideshare drivers as part of its Express Drive program, the company revealed today. Express Drive is a program that Lyft offers to provide rental cars to drivers on its platform as an alternative to options like long-term leasing. Express Drive members get unlimited miles, as well… Continue reading Lyft deploys 200 long-range EVs for its rideshare rental fleet in Colorado
Working toward a fully electric future — and challenging partners to do the same
As we build a company that connects people seamlessly, affordably, and reliably across all modes of transportation, we’re committed to doing so in a way that reduces greenhouse gas emissions—so our cities can be healthier, safer and more prosperous for all. We’re announcing a big step forward in this commitment today in Denver, where Lyft… Continue reading Working toward a fully electric future — and challenging partners to do the same
Lyft Reports Q3 Revenue of $955M
Photo via Lyft. Lyft recently announced its financial results for its third quarter that ended Sep. 30, reporting revenue of $955.6 million. Q3 2019 Financial Highlights Lyft’s Q3 revenue of $955.6 million is compared to $585 million in the third quarter of 2018, an increase of 63% year over year. Net loss for Q3 2019 was $463.5 million versus a… Continue reading Lyft Reports Q3 Revenue of $955M
Introducing ‘Shifting Gears’: Business Insider’s weekly transportation newsletter
Welcome to “Shifting Gears,” Business Insider’s first transportation-focused newsletter In this weekly digest, we’ll be highlighting the latest developments on everything from Uber and Lyft’s battle to turn a profit, Tesla and its eccentric CEO Elon Musk, Boeing’s 737 Max crisis, and more. But we also want to hear from you. What stories are we… Continue reading Introducing ‘Shifting Gears’: Business Insider’s weekly transportation newsletter
Estamos avanzando nuestras iniciativas de seguridad comunitaria
No pasa un día en el que no pensemos en la seguridad de nuestra plataforma. A medida que nuestra comunidad crece, también lo hace nuestro compromiso con la seguridad de nuestros conductores y viajeros. El mes pasado, expandimos nuestro Programa de seguridad comunitaria para reforzar nuestro compromiso con la seguridad de nuestra plataforma. Hoy, estamos… Continue reading Estamos avanzando nuestras iniciativas de seguridad comunitaria
Continuing our Community Safety Initiatives
Not a day goes by when we aren’t thinking about the safety of our platform. As our community grows, so does our commitment to safety for our drivers and riders. Last month, we expanded our Community Safety Program, to reinforce our commitment to the safety of our platform. Today, we’re proud to share an update… Continue reading Continuing our Community Safety Initiatives
Sharing Self-driving Momentum at Lyft
By: Luc Vincent, EVP Autonomous Driving It’s an exciting time for our self-driving team here at Level 5. We are driving four times more autonomous miles per quarter than we were just six months ago, which is helping us make significant progress on our technology stack. Needless to say, our global team of ~400 is… Continue reading Sharing Self-driving Momentum at Lyft