US EditionPublished • loading... • Updated
Lyft Buys Gett's London Taxi-Hailing Operation
The deal gives Lyft the majority of registered black cab drivers and enterprise clients in Greater London, and could nearly double rides across the capital.
- On Thursday, Lyft announced an agreement to acquire Gett UK, positioning itself as the leading app for black cabs across Greater London with a majority of registered drivers on its platform.
- The deal advances Lyft's strategy of "expanding out in more locations and up into more high-value segments" after years of focusing primarily on North American markets. This marks the company's continued international push.
- Gett brings deep B2B relationships with major corporations; drivers pass the world's toughest taxi exam, learning 25,000 streets and 20,000 landmarks, said Thomas Zimmermann, CEO of Freenow by Lyft. Pick-ups occur in less than 4 minutes from Central London.
- Once the acquisition closes in the coming weeks, Gett's team will transfer to Freenow by Lyft. Matteo de Renzi, CEO of Gett, stated he is confident the team will reach "new heights."
- Lyft already provides software for Santander Cycles in London and will test autonomous rides with Baidu later this year, making it a comprehensive mobility platform offering both human-driven and autonomous options in the city.
Insights by Ground AI
Podcasts & Opinions
14 Articles
14 Articles
‘This is very transformative for the business’: Lyft’s head of growth on taking a big step into London’s black cab sector
In a little over 12 months, Lyft has gone from a company that operated almost exclusively in the United States and Canada to one with a meaningful claim to be a global mobility player. The latest step came Wednesday when the San Francisco company confirmed it had agreed to acquire Gett’s U.K. business—Gett is one of London’s leading black cab apps— in a deal that will position Lyft as the dominant app for the city’s iconic cabs and cap its third…
·New York, United States
Read Full Article
Las Vegas Sun+3 Reposted by 3 other sources
Lyft Expands in London with Gett UK Acquisition
None
·Las Vegas, United States
Read Full ArticleCoverage Details
Total News Sources14
Leaning Left3Leaning Right2Center2Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 28%
Factuality
To view factuality data please Upgrade to Premium
