Today, Lyft and General Motors announced the launch of Express Drive, a flexible, all-inclusive rental program that will give Lyft drivers access to cars at affordable rates whenever they need them. This new program comes just two months after GM struck a strategic partnership with Lyft and invested $500 million as part of Lyft’s $1 billion Series F round.
Express Drive begins later this month in Chicago and will soon roll out to Boston, Washington, D.C., and Baltimore, as well as many other metro areas throughout the year. Last year in Chicago alone, 60,000 people applied to drive with Lyft but didn’t have a qualifying car. Express Drive solves this problem and offers millions of potential drivers a dynamic way to earn money while driving on the Lyft platform.
For active Lyft drivers who meet a certain ride count each week, there’ll be no weekly rental cost. In short: The more you drive, the less you pay. In addition to affordability, Express Drive includes insurance and standard maintenance, and offers flexible terms for drivers who can rent cars on a weekly basis, for up to eight weeks at a time.
Along with the Power Driver Bonus, tips, and same-day payouts, Express Drive is another way Lyft treats drivers better, giving them access to flexible earning opportunities without the hassle of full car ownership or expensive lease deals. To learn more or start driving, visit lyft.com/expressdrive or read our press release.