Lyft’s Plans to Expand Outside the U.S.
Lyft has been growing to reach over 90% of U.S. riders in the past year but is now finally focused on international growth. The rideshare company plans a launch next month in Toronto, the largest city in Canada. Residents in the greater Toronto area and nearby Hamilton will be able to hail vehicles from five of its service options starting in December.
Riders in Toronto will be able to hail Lyft Plus, Lyft Premiere, Lyft Lux and Lyft Lux SUV rides, as well as normal Lyft’s. The company is also beginning to sign up potential drivers now in advance of its rollout of its service.
Lyft will face competition in Toronto from Uber who has been operating in the city for five years now. Hailo was the only competition to Uber outside of taxis in the market, but Hailo subsequently exited North America altogether, shutting down operations in Toronto.
We may soon expect to see Lyft expand in Great Britain and help break up the Black Cab Unions that are colluding with the government to protect their monopoly and their high prices. Uber and Lyft have worked wonders breaking up the American Taxi monopoly. Uber’s efforts in pioneering ride sharing has democratized and dramatically lowered the cost of rides while paving the way for competitors such as Juno and Lyft.