SAN FRANCISCO – Lyft and General Motors today announced the launch of their Express Drive short-term rental program exclusive to the Lyft platform. The program will make cars available to Lyft drivers at affordable rates with insurance and maintenance included.
The launch of Express Drive comes two months after GM entered into a strategic alliance with Lyft to develop an integrated on-demand network of autonomous vehicles.
Express Drive begins later this month in Chicago and will soon roll out to additional cities including Boston, Washington D.C., Baltimore and others. With Express Drive, the more you drive, the less you pay. Express Drive will start at $99 USD per week including insurance and maintenance making Express Drive the most flexible and affordable option. When drivers complete 65 rides a week in Chicago, drivers will be able to access a vehicle at no weekly rental cost. In addition to affordability, Express Drive offers flexible terms for drivers who can rent cars on a weekly basis for up to eight weeks at a time.
There is a definite need for access to high-quality GM cars for Lyft. In Chicago alone, there were 60,000 people who applied to drive on the Lyft platform, but did not have a car that qualified. Express Drive directly addresses this need for millions of Americans who do not have access to a qualifying vehicle.
In Chicago, Express Drive will provide access to Chevrolet Equinox crossovers equipped with OnStar, additional connectivity features as well as ample cargo space and flexible seating for up to five.
John Zimmer, Lyft’s president and co-founder, said: “Launching Express Drive is another way we treat drivers better, in addition to Power Driver Bonus, tips and same day payouts. We’re making sure everyone who wants to be a Lyft driver can be, by providing ultimate flexibility at incredible rates.”
GM President Dan Ammann said, “We’re very pleased with how quickly the GM and Lyft team collaborated to create the Express Drive program, which we will be implementing using our Maven mobility infrastructure.”
For more information about Lyft and GM’s partnership, visit Lyft’s blog post on the investment here.
To learn more about GM’s initiatives in the personal mobility space please, visit: media.gm.com
Lyft was founded in June 2012 by Logan Green and John Zimmer to reconnect people and communities through better transportation. Lyft is the fastest growing rideshare company in the U.S and is available in more than 200 cities. Lyft is preferred by drivers and passengers for its safe and friendly experience, and its commitment to affecting positive change for the future of our cities.
About General Motors
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety, security and information services, can be found at http://www.gm.com.
GM and Lyft announced Express Drive, a short term rental program geared towards first time Lyft drivers. Express Drive powered by Maven features cars for $99 per week with insurance and maintenance covered. Express Drive will launch in Chicago with additional metropolitan markets going on-line by the end of 2016.