Strategic Alliances and Mergers

Lyft has done a great job of acquiring and partnering with some key stakeholders. I'll list a couple of statements, so you can get a feel for their activity:

"We’re thrilled to announce that we’ve acquired Hitch, the ridesharing platform that connects multiple passengers traveling along similar routes. With this acquisition, Hitch co-founders Snir Kodesh and Noam Szpiro will join the Lyft team as we continue to expand personal transit to more cities across the country."

Also:

"After serving two markets in California, ride-sharing startup Lyft is getting serious about expanding into other markets. To do so, the company has acqui-hired the operations team behind Cherry, the on-demand car wash startup. And it’s got plans to launch in Seattle, making its service available there seven days a week beginning April 12.

The acquisition of Cherry comes as Lyft looks to add some operational experience ahead of its launch in the Emerald City and beyond. That means moving fast and getting into as many markets as possible. But it also means managing both supply and demand in whatever city the company launches service in."

The big dog on the block is of course Uber. There has been talk for a while of one of them buying out the other one. Its at a bit of a stalemate, with new companies trying to gain a foothold in the market. It's been an amazing ride (share) for Lyft, and I'm really excited to have been able to learn more about the company over this journey.