Lyft undertaking a million rides a day | Smart Highways Magazine: Industry News

Lyft undertaking a million rides a day

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American ride share company Lyft is continuing to make gains on rival Uber, doing a million rides a day in the US and on track to reach 350 million rides per year.

Business Insider quotes president John Zimmer as saying, “These important growth milestones are driven by a relentless and multi-year focus on our mission of improving people’s lives with the world’s best transportation.”

The news outlet says this compares with Uber, whose, “troubles began in January, when over 200,000 deleted their accounts as part of the #DeleteUber movement, sparked by the company’s actions during a taxi strike at JFK. While Lyft had been steadily increasing its market share — the number of rides has grown 100% month-over-month for 48 months consecutively — the company got an extra boost as customers left Uber and switched to Lyft.”

It says in some markets, Lyft claims to have 40% of the market share, and Lyft is especially gaining in cities like Atlanta, Chicago, and New York City. On the national level, Lyft sees itself as having 30% of the market.

There’s no date for a UK launch of the product.

 
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