The most crucial difference is the price point between the two companies. While the apps are highly similar, there are some critical differences between Uber and Lyft.
#UBAR ALTERNATIVE DRIVERS#
Like Uber, users can select the type of ride they would like (Uber Car or Lyft LUX) and fill out their information to receive calls when drivers are available to offer service.īoth companies ask users to submit their phone numbers to help quickly match them with a driver in the area.Īlthough Uber asks its users to provide their phone numbers, Lyft does not collect this information. The Lyft app is similar in look, feel, and functionality to Uber. Lyft very closely mimics Uber’s customer experiences from the moment users download their app until their car arrives at their destination point. In 2013, the company was named the “Fastest Growing Technology Startup in the US” by Deloitte Fast 500.
Like Uber, Lyft is a ride-sharing company that uses an app to connect drivers with passengers. Lyft, on the other hand, is more focused on providing an affordable alternative to those who are just looking for transportation but don’t need any extras like car seats or snacks for Uber Competitor Analysisįounded: 2012 Best known for: $2.5 billion investment from Google Ventures and Andreessen Horowitz Their target market is anyone looking for a quick ride around town without having to worry about driving themselves or finding parking at their destination.
They offer various services, from luxury cars to cheaper rides with drivers that may not have as much experience behind the wheel. Uber has been a leader in this industry for quite some time now. In 2014, Lyft was valued at around $700 million after raising about $250 million from Andreessen Horowitz and Founders Fund.
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