Lyft Inc. launched its rideshare service in Puerto Rico on July 8, 2025, marking a new geographical expansion for the company. This move is part of Lyft's broader strategy to expand its presence across North America and Europe.
The company began recruiting drivers in late May, offering $100 bonuses to those who complete 50 rides. This initiative aims to quickly build a driver supply to support the new market entry.
Expanding into Puerto Rico is expected to contribute to Lyft's overall ride volume and active rider count. This strategic growth initiative seeks to capture new market opportunities and strengthen its position in the wider North American region.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.