Lyft incoming CEO David Risher discusses the changes he will make to turn the company's stock around on 'The Claman Countdown.'
Over the past year, hundreds of companies have already inquired about the program, which is described as a customizable coupon that can be used to subsidize a rider's trip. Companies have the ability to use this coupon to cover part of or the entire cost of an employee's commute, according to Lyft. They can also customize it to their return to office policy.
Prior to the pandemic, the program started out with a team distributing codes and credits to companies for things like office holiday parties. Lyft eventually partnered with universities to offer monthly credits to students and then created a program to help subsidize rides for healthcare patients.