Uber Rival Lyft May Have Plans to Launch Its Services in London

Advertisement
By Reuters | Updated: 26 September 2017 17:39 IST

Lyft, Uber's closest US rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.

Transport for London (TfL), which oversees taxi and private hire car operators, published details of the meetings with Lyft executives in response to a UK government freedom of information request in July.

If Lyft enters the London market Uber would face its first well-funded competitor in Europe when it is trying to overturn a decision by TfL not to renew its licence. Lyft has raised around $2.6 billion in financing, including an investment round of $600 million in April, according to funding tracker Crunchbase.

Advertisement

Lyft's investors include automaker General Motors .

Advertisement

London's transport regulator on Friday said it would not renew Uber's licence to operate, citing the firm's approach to reporting serious criminal offences and background checks on drivers.

Uber Should Stay in London, Pleads Petition Signed by 800,000 Riders

Lyft has already signalled it is looking at expansion outside the United States. Chief Executive Logan Green told the Associated Press in August that Lyft planned to go international "in the not too distant future".

Advertisement

A Lyft spokeswoman declined to comment on the timing of any expansion moves or the nature of Lyft meetings with London officials. It now operates ride services in more than 600 cities, covering as much as 95 percent of the US population.

Four TfL officials met with Lyft's Chief Strategy Officer Raj Kapoor and Michael Masserman, its director of international government relations, in December 2016. Three unnamed members of the Greater London Authority were also present, according to TfL documents. Lyft presented details of its business model in that meeting.

Advertisement

Subsequent follow-up-conversations took place between TfL's Director of Transport Innovation Michael Hurwitz and Lyft executives Kapoor and Masserman over the phone in December and in January, TfL documents showed.

This was followed by another meeting between the three in New York in March.

"We regularly talk to companies around the world about innovation that could improve transport in London," Hurwitz, said in a statement.

© Thomson Reuters 2017

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Vivo Launches Y500 in China With a Massive 8,200mAh Battery
  2. Razer Pro Click V2 and V2 Vertical Review
  3. Oppo Enco Buds 3 Pro Available for Purchase in India: See Price, Offers
  4. Your Gmail Password Might Have Been Leaked: How to Secure Your Account
  5. WhatsApp to Soon Let You Create, Save Stickers Without Sending Them First
  6. Realme 15T 5G India Launch Today: All You Need to Know
  1. BCCI Says Crypto, Real Money Gaming Platforms Can’t Bid for Team India’s Title Sponsorship
  2. Scientists Discover Hidden Mantle Layer Beneath the Himalayas Challenging Century-Old Theory
  3. Astronomers Propose Rectangular Telescope to Hunt Earth-Like Planets
  4. Microsoft Testing Native Clipboard Sync Feature to Share Text Between Windows PCs, Android Devices
  5. Su From So OTT Release: When and Where to Watch This Kannada-Language Horror-Comedy Online
  6. Sennheiser Momentum 4 Wireless 80th Anniversary Edition Launched in India With Up to 60 Hour Battery Life
  7. Call of Duty Film Adaption Said to Be a 'Priority' at Paramount, Negotiations on to Acquire Rights
  8. Cannibal Solar Storm May Trigger Auroras as Powerful Geomagnetic Storm to Hit Earth Soon
  9. Apple's iPhone 8 Plus Listed as Vintage Product Ahead of iPhone 17 Launch, 11-Inch MacBook Air Now Obsolete
  10. Hidden Reason Behind Portugal’s Deadly Earthquakes Finally Explained
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.