Lyft, Inc. (Nasdaq: LYFT) today announced it has completed its acquisition of FREENOW, creating one of the top global multi-mobility apps.

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FREENOW CEO Thomas Zimmermann and Lyft CEO David Risher

Lyft’s purpose is to serve and connect. United by shared values and customer obsession, Lyft and FREENOW will join forces to seize the incredible opportunity of doubling Lyft’s current addressable market to more than 300 billion personal vehicle trips per year.

• The Lyft app has been opened 4.6 million times since the start of 2024 within FREENOW’s markets.
• The FREENOW app has been opened 1.2 million times since the start of 2024 within Lyft’s markets.

“Every conversation I've had with FREENOW drivers and team members has reminded me why we’re joining forces: to bring the best of each company to the other,” said Lyft CEO David Risher. “This isn't just about growing our business. It's about serving and connecting people worldwide.”

“We’re not changing what makes FREENOW special - our deep local relationships throughout Europe - but we are amplifying it,” said FREENOW CEO Thomas Zimmermann. “With Lyft’s platform and resources behind us, we can innovate faster and serve drivers, passengers, and city partners even better.”

What’s next for riders

• Welcome offer of up to 50% off your first ride: Starting today through the end of 2025, eligible Lyft riders will receive a welcome offer on their first ride using the FREENOW network, and eligible FREENOW riders will receive a welcome offer for their first ride with Lyft when they travel across the Atlantic.
  • FREENOW riders supported in the US and Canada: The FREENOW app now prompts riders to download Lyft when opened in the US and Canada.
  • Lyft riders supported in Europe: The Lyft app now prompts riders to download FREENOW when opened in FREENOW’s 180 cities across nine countries in Europe
• Lyft and FREENOW riders will be able to roam on each other’s networks over time.
• Chase benefits: Eligible Chase cardmembers will soon automatically earn additional points on qualifying rides in Europe when they use their eligible Chase credit card to pay.
• Better rider experience: In the coming months, European riderswill experience more consistent pricing, faster matching, new features, and, in some markets, new modes.

What’s next for drivers

• More riders, more rides: With the Lyft riders having a preferred app in Europe, drivers can expect more rides, and vice versa for drivers in North America.
• Committed to taxis in Europe: While around 50% of taxi bookings in Europe still happen offline, demand for online bookings continues to grow. Lyft is committed to strengthen FREENOW’s leadership in the taxi industry, backed by decades of trusted partnerships with over 150,000 drivers, as well as regulators, cities, unions, and fleet operators.
• Drivers in the US prefer Lyft: In the US, there is a 29 point percentage gap in drivers who prefer Lyft over the other competitor as of Q2 2025.

What’s next for the companies

Both teams will work together to bring the best of both companies to the global Lyft ecosystem.

Everything the company does will be fueled by its purpose and continued customer obsession to benefit riders and drivers.

FREENOW CEO Thomas Zimmermann and his leadership team will report to Jeremy Bird, EVP of Driver Experience at Lyft. The FREENOW country general managers will continue to strategically lead operations in Ireland, the United Kingdom, Germany, Greece, Spain, Italy, Poland, France, and Austria.

"As we expand internationally, our customer-obsession won't change. That's part of what made FREENOW such a good fit," said Jeremy Bird, Lyft EVP of Driver Experience. "Our integration approach centers on respecting what makes FREENOW successful - the talented team, unique needs of each local market, and the relationships with fleet owners, taxi drivers, and riders across the continent. By leveraging and building on these strengths, we’re laying the foundation for long-term and sustainable growth and better experiences for drivers and riders alike.”

Lyft and FREENOW team members will start working side by side to roll out new features for riders and drivers around the world.

The acquisition will not impact Lyft’s Q2 financial results.

New global footprint

In total, Lyft now operates rideshare and taxi mobility services in 11 countries and nearly 1,000 cities, and supports bikeshare operations through Lyft Urban Solutions in 16 countries and over 86 cities. Since April 2025:

• Lyft introduced rideshare in Puerto Rico and grew its presence in Canada through the addition of cities across Québec.
• Lyft Urban Solutions expanded its bikeshare operations to Miami, Florida and Bilbao and Rivas, Spain.
• FREENOW expanded to 30 new cities in four countries across Europe and is now available in over 180 cities.

About Lyft

Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering rideshare, taxis, private hire vehicles, car sharing, bikes, and scooters across North America and Europe. Lyft operates across 11 countries and in nearly 1,000 cities, and Lyft Urban Solutions supports bikesharing in 16 countries and more than 86 cities. Today, millions of drivers have chosen to earn on billions of rides - helping to create a more connected world, with transportation for everyone.

FREENOW by Lyft is the European taxi app featuring broad multi-mobility options. Through FREENOW, passengers can access various mobility services within a single app, including taxis, private hire vehicles, carsharing, car rental, e-scooters, e-bikes, e-mopeds, and public transport.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Lyft's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates,” “going to,” "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Lyft's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding the acquisition of FREENOW including the expected benefits of the transaction, the timing of those benefits and the availability of the Lyft App in Europe, the addressable market of the combined company, the future operations of Lyft, FREENOW and plans and expectations for the combined company. Lyft’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to the macroeconomic environment, risks and uncertainties related to the acquisition of FREENOW; failure to realize the expected benefits and synergies of the proposed transaction in the expected timeframes or at all; and changes in the regulatory environment that impact Lyft and FREENOW. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Lyft's filings with the Securities and Exchange Commission (“SEC”), including in our Quarterly Report on Form 10-Q for the first quarter of 2025 that was filed with the SEC on May 9, 2025. The forward-looking statements in this release are based on information available to Lyft as of the date hereof, and Lyft disclaims any obligation to update any forward-looking statements, except as required by law. This press release discusses “customers”. For rideshare, there are two customers in every car - the driver is Lyft’s customer, and the rider is the driver’s customer. We care about both.

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