Published: Tue, November 14, 2017
Economy | By Shawn Conner

Lyft to expand to Toronto by the end of the year

Lyft to expand to Toronto by the end of the year

As of February, Lyft had a presence in 300 cities.

In an effort to entice drivers, Lyft is offering a 25 percent bonus for the first 3,000 drivers who are approved and who complete 20 rides a week during the company's first three months of operation in Toronto. Rates and payouts to drivers are not yet available.

Previously, Lyft operated internationally through partnerships with local ride-sharing companies, like Grab in Southeast Asia and Didi in China.

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After announcing their plans to expand to Toronto by year's end, it appears rideshare company Lyft may, at the very least, be kicking the tires in Ottawa as well. Residents will likely be curious about trying out the new alternative.

The ride-hailing war between Uber and Lyft is moving global for the first time, with Lyft soon offering rides in Toronto, its expansion outside the US.

Lyft has been around since 2012, but up until now, has only been available in the US. Several thousand drivers indicated an interest through Lyft's USA website before recruiting started Monday, he added.

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Bloomberg also analyzed a private Lyft investor document, which shows that the company has been increasing spending in an effort "to take advantage of Uber's weaker position".

Uber Canada said in a statement Monday it also welcomes the competition. Her comments came the same day as the launch of a pilot program that shut down a major downtown thoroughfare to vehicles to prioritize public transit.

"I think that ship has sailed", she said.

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