Lyft Partners With GrabTaxi And Ola To Form The Largest Global Ride-Hail Alliance
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The struggle for global on-demand transportation supremacy is fast becoming a battle of Uber empire versus ride-hail alliance. With Uber -- flush with $1.2 billion in newly raised capital -- racking up a million rides a day in China and looking to do the same in India, Lyft is rallying incumbents in those same markets to help it fend off its pugnacious rival's win-at-all costs advance.
Late Thursday afternoon, Lyft formalized a long-in-the-offing global ride-hail alliance, partnering with Singapore's GrabTaxi and India's ride-hail giant Ola. The deal will allow Lyft users to hail rides from Didi Kuaidi, Ola, or GrabTaxi in the regions in which those companies operate, and vice versa -- some 680 cities worldwide, versus the 339 currently service by Uber. News of the partnership, comes less than two months after Chinese ride-hailing giant Didi Kuaidi invested in Lyft, GrabTaxi, and Ola.
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