MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Lyft bolsters its car rental program

Lyft bolsters its car rental program

Lyft, the ride-sharing service announced its plan to enter into a partnership with the car rental behemoth Avis. This move is seen as an implementation of Lyft’s vision to inhibit car ownership in the United States. Avis offers thousands and thousands of cars for rent all across the world. This is a part of a multi-year deal under Lyft’s Express Drive Program, which allows drivers to rent cars.

Before the conception of this program, interested drivers had to register with the ride-sharing services company using their own cars. It effectively allowed car owners to transform their cars into a reliable source of income. But, under the Express Drive program, budding drivers can rent cars instead of purchasing one. Additional benefits of renting a car include a significant reduction of maintenance costs for the drivers. A recent study concluded that drivers who opt for this program will be able to save $4500 a year on maintenance and insurance costs. Lyft also committed $100 million to help its drivers with maintenance. In addition to Avis, other car rental partners include Hertz and Flexdrive.

Lyft’s partnerships with rental companies are a move to increase the number of drivers, which is currently about 1.4 million. After implementation, the company hopes to provide more drivers with a steady source of income and even bring down the costs of each ride for customers. Drivers who rent cars can earn numerous rewards and incentives based on how many rides they offer.   

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED