A PYMNTS Company

UK: Uber competitor Lyft met with London transport authorities

By  |  September 25, 2017

Lyft, Uber’s closest US rival in the taxi-hailing business, met repeatedly with officials from London’s transport regulator over the past year, a sign it may be targeting the city for international expansion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Transport for London (TfL), which oversees taxi and private hire car operators, published details of the meetings with Lyft executives in response to a UK government freedom of information request in July.

    If Lyft enters the London market Uber would face its first well-funded competitor in Europe when it is trying to overturn a decision by TfL not to renew its license. Lyft has raised around US$2.6 billion in financing, including an investment round of US$600 million in April, according to funding tracker Crunch base.

    London’s transport regulator on Friday, September 22, said it would not renew Uber’s license to operate, citing the firm’s approach to reporting serious criminal offences and background checks on drivers.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.