Lyft is a peer-to-peer ridesharing company that has raised $332.5 million in funding and reached a $700 million valuation, though it has only generated $2.2 million in revenue. Founded in 2012 as Zimride, it officially became Lyft in 2013 and has since expanded to 65 cities in the US, offering options like Lyft Line and Lyft Plus. While facing steep competition from Uber and other services, Lyft differentiates itself by promoting an easy, affordable, and friendly experience for riders.