Lyft
As of January 2016:
Latest valuation:
$5.5b (January 2016)
Total equity funding:
$1.4b
Valuation-to-funding:
4.1 to 1
Rounds of funding (current):
8
Location:
San Francisco
Founded in
2012
CEO:
John Zimmer (co-founder)
Logan Green, co-founder and CEO of Lyft Photo: Associated Press
Competitors:
Uber, Sidecar
Investors:
Alibaba, Andreesen Horowitz, Coatue Management,
Didi Kuaidi, Floodgate, Fortress Investment Group, Founder Fund,
General Motors, GSV Capital, Icahn Enterprises, Janus Capital
Management, Kingdom Holding Co., K9 Ventures, Mayfield Fund, Rakuten,
Third Point Capital
Lyf
Inc. is the underdog to Uber Technologies Inc. in the fiercely
competitive car-hailing app market, but it is fast becoming a formidable
competitor.
The company was founded as Zimride in 2007 by Logan Green and John Zimmer, two college graduates on opposite ends of the country who had thought deeply about the future of transporation. They originally created an app called Carpool that connected drivers with riders to schedule long road trips.
That idea failed to live up to expectations. By 2009, Uber had launched a rides-on-demand platform for cities, connecting non-professional drivers or black-car drivers with consumers via its app. Zimride in 2012 launched Lyft, its answer to Uber, and has played catch-up ever since.
Uber has raised about five times more capital and is available in more than four times as many cities as Lyft, including internationally where Lyft has yet to land. That may change later this year -- Lyft, which was available in 65 cities as of March, plans to expand into its first city outside the U.S. by the end of 2015.
A key battleground for the rivals is carpooling. Lyft last year rolled out Lyft Line, a service that pairs passengers going in the same direction and lets them split the cost.
Lyft doesn't disclose its revenue, but Mr. Zimmer said its sales and its total number of rides have quintupled over the past year.
Known for its fuzzy-pink moustaches, Lyft has in recent months backed away from some of the things that make it unique from Uber. In an email last year, the company told passengers it no longer expects them to sit in the front seat of the car and bump fists with the driver, quirky customs the company used in the past to emphasize the community aspects of its service.
In place of the large pink moustaches attached to the bumpers of its cars, Lyft this year gave drivers a smaller, glowing pink moustache that sits on the dashboard.
Related story: Lyft Finds Ally in Uber Fight
The company was founded as Zimride in 2007 by Logan Green and John Zimmer, two college graduates on opposite ends of the country who had thought deeply about the future of transporation. They originally created an app called Carpool that connected drivers with riders to schedule long road trips.
That idea failed to live up to expectations. By 2009, Uber had launched a rides-on-demand platform for cities, connecting non-professional drivers or black-car drivers with consumers via its app. Zimride in 2012 launched Lyft, its answer to Uber, and has played catch-up ever since.
Uber has raised about five times more capital and is available in more than four times as many cities as Lyft, including internationally where Lyft has yet to land. That may change later this year -- Lyft, which was available in 65 cities as of March, plans to expand into its first city outside the U.S. by the end of 2015.
A key battleground for the rivals is carpooling. Lyft last year rolled out Lyft Line, a service that pairs passengers going in the same direction and lets them split the cost.
Lyft doesn't disclose its revenue, but Mr. Zimmer said its sales and its total number of rides have quintupled over the past year.
Known for its fuzzy-pink moustaches, Lyft has in recent months backed away from some of the things that make it unique from Uber. In an email last year, the company told passengers it no longer expects them to sit in the front seat of the car and bump fists with the driver, quirky customs the company used in the past to emphasize the community aspects of its service.
In place of the large pink moustaches attached to the bumpers of its cars, Lyft this year gave drivers a smaller, glowing pink moustache that sits on the dashboard.
Related story: Lyft Finds Ally in Uber Fight
UCar
As of January 2016:
Latest valuation:
$3.4b (September 2015)
Total equity funding:
$800m
Valuation-to-funding:
4.2 to 1
Rounds of funding (current):
2
Location:
Tianjin, China
Founded in
2014
CEO:
Peiqiang Wang
Competitors:
Didi Kuaidi, Uber Technologies
Investors:
CAR Inc., Legend Capital, Warburg Pincus
UCar provides a chauffeured car service in China.
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