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Lyft Now Operates in Toronto

Lyft has gone international.

The San Francisco-based ride-sharing company has begun operating in Toronto, Canada – its first service outside of the U.S.

Lyft announced last month that it would be operating in Canada but did not say when.

(Read: Lyft to Operate Soon in Toronto)

Competition

By launching its first Canadian service, Lyft is now out to compete abroad with its chief rival, Uber.

The Canadian service also comes just after technology news portal The Information reported that Lyft has cut its losses and tripled its revenues.

(Read: Lyft Cuts Losses as Revenue Surges)

Citing Lyft’s financial statements, Lyft’s net loss dropped 27 percent to $206 million for the first half of 2017 while its revenue rose to $483 million – triple the amount recorded in the same period last year.

Lyft did not comment on The Information’s report.

Services

TechCrunch said Lyft’s service in Toronto “includes standard Lyft, Lyft Plus, Lyft Premiere, Lyft Lux and Lyft Lux SUV rides” and can also be used to hail a ride to and from Pearson Airport.

Engadget said as part of the launch of the Toronto service, Lyft is offering $5 off the first ride and would be making donations to SickKids Foundation.

Lyft engaged in a philanthropic endeavor also recently by providing its drivers with Tuition Discounts.

(Read: Lyft Collaborates With Guild Education to Offer Drivers Tuition Discounts)

The tuition discounts for Lyft drivers would be between five and 20 percent, reports said.

Lyft president John Zimmer said in a statement that many Lyft drivers “are working to achieve personal or professional goals, which often include continued education and learning.”

Zimmer said the company offered the tuition discounts to help the drivers succeed “on and off the platform.”

What’s Next?

Lyft has launched its first international service in Canada.

What can you say about it? Share your thoughts below.

The post Lyft Now Operates in Toronto appeared first on Guild of Bloggers.



This post first appeared on Guild Of Bloggers | Jimmy Rodela, please read the originial post: here

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