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    LYFT   US55087P1049

LYFT, INC.

(LYFT)
  Report
Delayed Nasdaq  -  04:00 2022-10-06 pm EDT
13.70 USD   -0.36%
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Lyft and Motional Deliver the First Rides in Motional's New All-Electric Ioniq 5 Autonomous Vehicle

08/16/2022 | 09:00am EDT

Lyft, Inc. and Motional announced the launch of Motional's new all-electric IONIQ 5-based robotaxi, an autonomous vehicle (AV) designed for fully driverless ride-hail operation, on the Lyft network in Las Vegas. The launch is the next milestone in the lead-up to Motional and Lyft's fully driverless service, planning to begin in 2023 and scaling to multiple U.S. cities. This marks the first time members of the public will experience Motional's all-electric IONIQ 5 AV, which is the first all-electric AV to debut on the Lyft network.

Motional and Lyft have been conducting autonomous rides in Las Vegas since 2018, and now Lyft riders will be among the first to experience Motional's new AV, which has a custom-designed user experience for a fully autonomous journey. This means riders are able to easily control their ride without assistance from a driver. The enhanced experience includes unlocking the doors through the Lyft app and starting the ride or contacting customer support from the new in-car Lyft AV app, an intuitive in-ride display tailored to autonomous ridesharing.

The features are backed by extensive research and feedback from real riders to maximize their comfort and ease of use. Motional and Lyft are making the new user features available to the public now in preparation for when the service plans to be fully driverless next year. In 2018, Motional and Lyft pioneered a partnership between the AV and ridesharing industries with the launch of their public service in Las Vegas.

The service has since become the model for deploying autonomous vehicles on rideshare networks, and has introduced over 100,000 Lyft riders to autonomous technology. The service has been overwhelmingly popular with riders, with over 95% leaving five-star reviews and many going on to become repeat riders. Motional and Lyft are excited to take the next step in the mass adoption of autonomous ride-hails.

Their fully driverless service plans to launch in Las Vegas in 2023, before expanding to other major U.S. cities.


© S&P Capital IQ 2022
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Financials (USD)
Sales 2022 4 086 M - -
Net income 2022 -876 M - -
Net cash 2022 847 M - -
P/E ratio 2022 -5,60x
Yield 2022 -
Capitalization 4 833 M 4 833 M -
EV / Sales 2022 0,98x
EV / Sales 2023 0,70x
Nbr of Employees 5 000
Free-Float 87,7%
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Technical analysis trends LYFT, INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 43
Last Close Price 13,70 $
Average target price 30,29 $
Spread / Average Target 121%
EPS Revisions
Managers and Directors
Logan D. Green Chief Executive Officer & Director
John Zimmer Chief Operating Officer & Director
Elaine Paul Chief Financial Officer
Prashant Aggarwal Chairman
Valerie B. Jarrett Independent Director
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