In September 2013, the California Public Utilities Commission made history with a unanimous, groundbreaking vote to authorize peer-to-peer transportation in the State of California. This momentous step forward introduced a common-sense regulatory framework for ridesharing that prioritizes public safety by including standards for driver background checks, accountability ratings and insurance.
Since then, we have continued to operate and grow our community in California with a temporary agreement. Today, we are thrilled to announce that the CPUC has issued Lyft a Transportation Network Company (TNC) Permit, which is valid until April 2017 and certifies Lyft as an official TNC in the state of California.
This is exciting progress. The CPUC’s framework serves as a sound example for other jurisdictions who are considering regulations for this new, peer-to-peer model. By supporting innovation and technology, these city and state leaders have the opportunity of paving the way for providing safe, affordable and sustainable transportation and we’re thrilled to be working with them to improve our cities of tomorrow.