Patrick T. Fallon | Bloomberg | Getty Images
Lyft is not pulling any punches as it seeks to raise $2 billion at a $23 billion valuation in its initial public offering ahead of its larger rival, Uber.
pressured to resign from the top post in June 2017 after reports of Uber’s discriminatory and hostile workplace culture led investors to doubt the company’s leadership. Former Expedia CEO Dara Khosrowshahi now runs the company, which is expected to kick off its IPO in April, according to Reuters.
Uber has also invested significantly in verticals outside of consumer transportation, including its food delivery service, UberEats, and its trucking service, Uber Freight. Uber plans to double down on its fast-growing meal-delivery service, which has already become the fastest growing meal-delivery service in the US, according to a Business Insider research report from April. CNBC reported in October that UberEats wanted to expand from 50 percent of the U.S. population to 70 percent by the end of 2018.
Lyft, by contrast, has remained focused on the consumer transportation space with its flagship ride sharing program and new initiatives like electric scooters. Both Uber and Lyft have invested in the increasingly-competitive autonomous vehicle space, which Zimmer references in the video.
Uber did not immediately respond to a request for comment on Lyft’s roadshow video.