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Bike-sharing startups like Ofo, Mobike and LimeBike are getting a lot of attention from investors.
Lyft’s carpooling service is popular in five U.S. cities, according to the ride-hailing company. The announcement comes as Lyft launched Line in Toronto.
Rental cars are reshaping the means of transportation. What Uber and Lyft started have provided many conveniences that hotels are getting into the act too.
Ridesharing has been around since the 1970s but recently gained popularity with the help of smartphone apps.
Ride-sharing company Lyft is expanding outside the US and offering more services like Lyft Plus and Lyft Premiere.
Lyft revenues have increased while its main rival, Uber, reported more than $1 billion in losses.
Uber is having a difficult year. With its mounting losses both financially and in top talents, will the ride-sharing giant bounce back soon?