Over the past six months, Uber has ventured into the bike and scooter sharing business. The ride sharing service has invested $335 million in the bike and scooter sharing service, Lime. The San Francisco based startup also purchased the bike sharing service, Jump, for $200 million. With all of the moves that Uber has made to venture in to other forms of transportation, Lyft has felt the need to keep up.
Lyft appears to be on Uber’s tail. Lyft appears to be closing on an acquisition of Motivate, which should be finalized by the end of the summer. The ride sharing service is also investing $1 million to improve transportation for those in underprivileged communities. Also, Lyft is working with nonprofit charities that work to support those in low income environments. To top it all off, Lyft has also applied for electric scooter permits in San Francisco last month. As a result, Lyft has begun to publicly outline its plans for bike and scooter sharing services going forward.
Lyft is moving away from ride sharing and more towards other forms of transportation. By 2019, Lyft is aiming to take one million cars off the road. In addition, Lyft says it has helped 250,000 community members get rid of their cars just this year. Lyft appears to be all in with the future of transportation, but it remains to be seen if it will pay off.
