Lyft is set to start rolling out a feature that will let riders opt in to be matched with a licensed taxi when that vehicle can get there faster than a rideshare one. The company will launch this feature in St. Louis on May 5,...
Lyft plans to start adding autonomous vehicles (AVs) to its ridesharing platform as soon as this summer. “We recently signed agreements with partners like May Mobility, Mobileye and Marubeni to start rolling out AVs on our platform as soon as this summer,” Jeremy Bird, executive...
Uber said Wednesday (March 5) that it is now offering rides in autonomous vehicles in Austin, Texas, and will later do the same in Atlanta. Riders who opt in for this offering on the Uber app in Austin could be matched with an autonomous vehicle...
Estonia-based Uber rival Bolt Technology is reportedly exploring an initial public offering (IPO). The mobility company is exploring options that could include an IPO, Bloomberg News reported Wednesday (Feb. 26), citing sources familiar with the matter. Those sources say the company could pursue a listing as early as 2026,...
The rising cost of rideshare services may lead to lower demand, according to a report released Tuesday (Feb. 18) by gig worker app provider Gridwise. The report found that the median price for rideshare services (excluding tips) rose 7.2% in 2024 after increasing by 7.6%...
Carsharing marketplace Getaround and its HyreCar business are winding down their U.S. operations. Getaround will continue to provide carsharing services in its European markets, the company said in a Tuesday (Feb. 11) press release. “Despite significant improvements in overall profitability and extensive restructuring efforts, the...
One of the key factors behind Lyft’s success in 2024 was its focus on enhancing driver satisfaction and improving service reliability. According to CEO David Risher, the company’s “customer obsession” drove this profitable growth. During the company’s fourth-quarter earnings call Tuesday (Feb. 11), Risher noted...
Ridesharing company Lyft and artificial intelligence firm Anthropic said Thursday (Feb. 6) that they are working together to create AI products to serve Lyft’s riders and drivers. The first phase of the collaboration is already underway, with Lyft’s customer care AI assistant being powered by...
After abandoning driverless taxis, Uber and Lyft are reportedly reinvesting in the technology. The two ride-hailing companies are working on plans to have driverless cars — provided by companies such as the Google-owned Waymo — on their apps this year, The Wall Street Journal (WSJ) reported Monday (Jan. 6). In the...