Last year, the Lyft community experienced more growth than in all our previous years — combined. We started the year serving drivers and passengers across 54% of the US, and by the end of the year, we had expanded our service to 95% of the US population (and Toronto, too). 2017 was a standout year filled with inspiring moments, and these are some of the highlights from our biggest year yet.
As we turn the corner into a new year, we see our most exciting opportunities ahead. Today, rideshare networks account for only 0.5% of miles traveled in the US. That leaves a huge space for Lyft to continue reducing car ownership, creating sustainable transportation, and providing economic opportunity. Our most important work is still ahead of us: Reclaiming our cities from cars.
Thank you, Lyft community, for being part of an inspiring year.
Growing our Community
Our service is now available to 95% of the US population — up from 54% a year ago. We’re now available in all 50 states, with statewide coverage in 41 of them.
To top off a year of growth, we launched our first international market: Toronto.
We celebrated a big ride milestone last year:
Our 500 millionth ride.
In 2017, passengers and drivers connected in 375.5 million rides — that’s 2.3x more rides than the year before.
On our biggest night of the year — New Year’s Eve — drivers gave double the amount of rides given on the same night the year before: Over two million.
Lyft’s share of the ridesharing market exceeded 30% in the United States in 2017.
In addition to taking home billions in earnings in 2017, Lyft drivers earned $240 million in tips in 2017. Since day one, drivers have earned a total of $350 million in tips alone.
Supporting Their Goals
We partnered with Guild Education to help drivers reach their higher education goals with exclusive access to tuition discounts and financial aid at thousands of nonprofit universities and programs around the US.
Supporting the Business
Alphabet’s CapitalG led a new funding round of $1.5 billion, which more than doubled Lyft’s valuation from $5.5 billion in January 2017 to $11.5 billion today. To date, we’ve raised $4.1 billion.
New Board Members
We welcomed two accomplished members to our board: Valerie Jarrett, former Senior Advisor to President Obama, and David Lawee, Partner at CapitalG.
We announced new partnerships with organizations in every industry, collaborating with hundreds of new businesses across the country, including Blue Cross Blue Shield, Cigna, Expensify, Carlson Wagonlit Travel, and USC, to name a few.
The Self-Driving Future
Our self-driving division opened its doors to the Level 5 Engineering Center in Palo Alto, where we’re developing an open self-driving system.
To help us achieve our vision of a self-driving future that’s built around people — not cars — we opened our network to the world’s best car manufacturers and self-driving technology developers.
Throughout 2017, we developed new partnerships with leaders across the automotive and technology space. Thanks to our partners, the first self-driven Lyft rides were given in Boston, with more coming in Las Vegas in early 2018.
By tapping Round Up & Donate in the app, Lyft passengers contributed over $3.7 million to 14 causes in 2017, like standing up for civil liberties and supporting servicemembers. A lot of small change made a big impact on these causes: