Lyft is going to start offering its drivers access to college advising and tuition discounts for classes, certificates and degrees through Guild Education. The discounts for Lyft drivers will range between five to 20 percent off, with the average Lyft driver working to earn a degree saving $4,220 per year. The majority of Lyft drivers are part-time, with 93 percent driving less than 20 hours… Read More
Following Lyft’s recent $1.5 billion funding round, the company has decided to bring on board Kristina Omari as its first-ever vice president of corporate development and investor relations as it continues to grow. Omari also happens to now be the highest ranking black female executive at Lyft. Lyft, according to its June 2017 diversity report, has a leadership team that is just one… Read More
Lyft is beginning its self-driving car pilot with self-driving car company nuTonomy in Boston as it looks to ramp up its self-driving efforts, and is now matching its riders with self-driving vehicles in parts of Boston, nuTonomy said today. Lyft announced its partnership with nuTonomy in June this year, indicating that the pilots would begin in the coming months. It looks like the project… Read More
Nissan is the latest automaker to make its autonomous vehicle testing intentions clear – it’ll begin a pilot of self-driving Nissan Leaf electric vehicles that can be hailed using a smartphone app much like an Uber or a Lyft, starting in March on Japanese roads. This isn’t something Nissan is doing alone – it’s working with Japanese software maker DeNA to create… Read More
Lyft appears to have benefited from Uber’s tough year.
The U.S. rival has seen its revenue growth more than triple, according to a report from The Information. The media outlet viewed financial reports, which showed Lyft brought in $483 million in revenue in the first half of 2017, compared to about $150 million in the same timeframe last year.
The company also greatly improved its… Read More
GM and Cruise have articulated more specifically when they want to put their self-driving service on the roads, at today’s investor call for the company from San Francisco. GM said that they can make it happen within two years, with a fleet ready to go to work by 2019 based on the company’s current rate of progress. The commercial launch was previously revealed to happen within… Read More
Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised in a round led by Alphabet venture arm CaptialG last month. The $500 million is an extension of that round, the company told Axios, and is not yet closed. But it should add to Lyft’s overall valuation once closed, bringing its post-many total to $11.5 billion. The round extension would allow Lyft… Read More
Lyft is the latest company to be added to the ever-growing list of those permitted to test their self-driving technology on California state public roads. The California Department of Motor Vehicles added Lyft to the list recently (via Axios), following Lyft’s foundation of a self-driving technology development center earlier this year, and its announcement that it would work on both its… Read More
Uber faced a data breach in 2016 that affected some 57 million customers, including both riders and drivers, revealing their names, email address and phone numbers. That affected group included 50 million riders, and 7 million drivers, and around 600,000 driver’s license numbers for US drivers were also included in the breach, according to a new report from Bloomberg. Uber did not report… Read More
Ride hailing provider Lyft has brought in 12 members of the Kamcord team, essentially acquiring its engineering talent, though not any of the broadcast live streaming app’s technologies. The goal of the acquihire is to help build out its transportation service, the Kamcord team said in a Medium post announcing the news. Kamcord had been focused on delivering mobile game streaming, and… Read More