Third Lane Mobility Secures $20M to Deploy 35,000 New Vehicles [Los Angeles Times (CA)]
Lyft, Inc. - Class A (LYFT)
Last lyft, inc. - class a earnings: 2/11 04:05 pm
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Source: Los Angeles Times
the acquisition of around 35,000 additional vehicles to be deployed by springtime to boost operations in Atlanta, Los Angeles, Nashville, Baltimore and many other cities. This announcement follows an announcement in December that Bird e-bikes are now available in the Lyft app. This represents the first tranche of expected capital raises this year through both existing investors and third parties. The investment builds on the performance of Bird and Spin's latest-generation vehicles that were sent out across major U.S. cities in 2025. Utilization rates for these vehicles, especially from bikes, exceeded prior models significantly. “This new funding allows us to further scale a fleet that our riders have embraced, and that supports the transportation goals our city partners care about most,” said Stewart Lyons , chief executive of Bird, a Third Lane Mobility company, in a statement. The parent company has also announced the formation of a Transportation Advisory Board to focus on
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