The company plans to reach $1bn in gross annual revenue. Lyft has already raised over $1bn from investors including Carl Icahn, Rakuten, Coatue Management, Alibaba, Andreessen Horowitz, Fortress, and several others.
In September, Lyft partnered with China’s Didi Kuaidi to tackle Uber’s rapid expansion. The international alliance will allow users of each app to hail drivers who are operating on the other company’s app.
The companies have expanded their global ridesharing partnership earlier this month by bringing in Singapore-based GrabTaxi and India’s Ola.