Also covered is how smart money invests in trucking tech.
Today, we’re taking a look at how big tech is getting into autonomous and electric vehicles, trucking tech investments, Gap’s new corporate strategy, and more, including:
- Apple and Amazon take different approaches to auto
- Lyft’s IPO valuation
- Gap vs. Old Navy
- Medicare Advantage partnerships
How smart money is investing in trucking tech
Lyft’s IPO valuation may fall below $20B
Last week, Lyft filed its S-1 to go public, beating Uber to the punch. What will its valuation be when it goes public? We used valuation multiples of other ride-hailing companies globally using CB Insights data to determine where Lyft’s valuation will likely land when it goes public.
Per Lyft’s S-1, the company’s revenue was:
- $343.3M in 2016
- $1.1B in 2017
- $2.2B in 2018
This represents year-over-year growth of 209% from 2016 to 2017 and 103% from 2017 to 2018, based on exact figures from the S-1.
We looked at valuation multiples for a variety of Lyft comparables including:
- Uber
- Ola Cabs
- Grab
- Careem
- BlaBlaCar
We also analyzed Lyft’s own valuation multiple at prior financing rounds to see what its implied valuation would be at those same multiples.
