Most of the private rideshare company's financials are kept hidden from the public eye. What we do know is that Lyft so far raised $4.2 billion from private investor sources and in the first quarter of 2017 made $483million which is a significant rise when compared to the $150 million they made in the first quarter of 2016.
A report made public by Goldman Sachs predicts that the rideshare market will grow from $36 billion in 2017 to around $290 billion in 2030. While the current mileage driven daily is around 15 million in 2017, this will grow to 97 million in 2030. Another interesting fact is the prediction that Uber and Lyft will retain 23% commission of the gross receipts and that translates to a $65 billion net revenue for 2030.
While Uber is still struggling with its image, hundreds of lawsuits, regulatory setbacks in Europe and globalization of [Didi],(Didi's Global Expansion Gets Closer To Uber's Home) directly competing with Uber, who is expected to reach an IPO in 2019. Lyft is considering beating them to the mark and might make a dash for an IPO as early as the end of 2018.
Lyft has grown rapidly during 2017, in fact, according to John Zimmer, Lyft's founder and President, the company doubled its rides and reached over a million rides a day towards the end of 2017. Lyft has also expanded into Canada, its first step outside the US and it has invested heavily in autonomous vehicle research, partnering with Ford, Tata-owned Jaguar Land Rover and GM. Although GM split from Lyft, this has not stopped Lyft's dash, and it also partnered with Aptiv, a spin-off from Delphi. Lyft is opening their AV research center "level 5" in Palo Alto, California to help speed up their chances of reaching a fully autonomous vehicle that does not require a safe driver on standby.