Lyft App

Lyft, the new ride-sharing app that is only a mere twenty months old, has already expanded into thirty cities nationwide, and is currently going international as well. The app, which is rivaling the other companies such as Uber, has just received more than $250 million in funding from various investors. In total, the app has received over $330 million in funding over its lifetime.

The new app is trying to take advantage of the revolutionary new concept that helps people avoid traditional public transportation and get from point A to point B in a more comfortable and convenient way. Essentially, passengers looking for a ride link up with lyft drivers through the smartphone app. The lyft drivers are essentially taxi drivers, but use their own vehicles to drive the passengers around. The main difference between Lyft drivers and taxi drivers is that Lyft drivers have no set price for their services. Additionally, Lyft drivers usually have other full or part-time jobs. Whereas Taxi drivers make their living off of driving people around, Lyft drivers become involved when they just want to make some extra money for their savings or just disposable income.

Lyft drivers, who distinguish their vehicles as Lyft cars by the signature pink mustache on the front of their cars, have angered and upset Taxi drivers who depend on passengers to make money. The taxicab industry is highly regulated, and they want the same to be done for ridesharing apps, such as Lyft and Uber, as well. For example, In Seattle, legislators are close to passing a bill that would cap the number of Lyft vehicles that can be on the roads at one time. Lyft, along with the other ridesharing companies, will have a long fight with regulators and the taxicab industry. But either way, Lyft is one company that can change the way we get around for good.

Aside from having your own car, this is perhaps the best option to get around town or the city. Cabs and other forms of public transportation such as the bus and train are uncomfortable, and also inconvenient. Lyft is fast and efficient. And although these ridesharing companies can put a strain on taxi drivers, the benefits are plenty. It allows people to make some extra money in their free time, and also allows people to get around comfortably without having to drive themselves. We have yet to see if these companies become highly regulated like the taxicab Industry, but they seem to have bright futures ahead at the moment.