Lyft and Uber Want to Fund Better Roads...for Lyft and Uber

Lyft and Uber Want to Fund Better Roads...for Lyft and Uber

5 years ago
Anonymous $9jpehmcKty

https://motherboard.vice.com/en_us/article/43jv8p/lyft-and-uber-want-to-fund-better-roadsfor-lyft-and-uber

When ridehailing company Lyft went public last month, it also announced an annual $50 million initiative to invest in transportation infrastructure and the cities where it operates, partly through a program called Lyft City Works.

This seemingly altruistic move—a combination of philanthropy and policy—is similar to what all major ridehailing companies have done in the past few years. Uber, for example, funnelled $2 million into advocating for congestion pricing in New York, a move the city hopes will curb traffic and generate revenue to pump into the subway system. And Via stepped in to offer discounted fares to riders when trains shut down.

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