Ride-hailing company Lyft has announced plans to invest $50 million annually, or 1 percent of its profits — whichever is greater — in transportation and community improvement initiatives in cities where it operates.
Called Lyft City Works, the initiative already has been launched in Los Angeles, with a focus on three priorities — providing transportation to all Angelenos, developing a more robust transportation infrastructure for the region, and contributing to a clean energy future. To that end, Lyft will partner with Mayor Eric Garcetti's A Bridge Home program to provide free and reduced-price rides to the staff and communities of organizations serving the homeless, including the YWCA of Greater Los Angeles, PATH, and The People Concern. The initiative also will work to expand transportation infrastructure by providing electric vehicle charging stations at its driver centers and expanding its offerings of bicycle and scooter rentals in underserved neighborhoods.
As part of a commitment announced last year to make every Lyft ride carbon neutral and use 100 percent renewable energy at its facilities, the company is purchasing renewable energy credits through the Green Power for a Green L.A. program and — in response to the Malibu/Woolsey Fires last fall — is funding the reforestation of nearly a hundred thousand acres north and west of the city through OneTreePlanted.
"We're proud to stand alongside Mayor Garcetti and civic leaders in Los Angeles to launch Lyft City Works, which represents our long-term commitment to support cities across the country with sustainable, accessible, and connected transportation solutions," said Allen Narcisse, the company's general manager for Southern California.