Lyft had five patents in ecommerce during Q1 2024. Lyft Inc’s patents filed in Q1 2024 focus on methods and systems for optimizing transportation routes. This includes transmitting navigational data to drivers for pick-up and drop-off locations, as well as correcting errors in routes by generating route predictions based on previously completed routes. The technology aims to improve efficiency and accuracy in fulfilling transportation requests. GlobalData’s report on Lyft gives a 360-degree view of the company including its patenting strategy. Buy the report here.

Lyft grant share with ecommerce as a theme is 60% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Navigating drivers to dynamically selected drop-off locations for shared rides (Patent ID: US20240027207A1)

The patent filed by Lyft Inc. describes a computer-implemented method for optimizing shared rides by receiving transportation requests, determining digital transportation routes, generating shared ride probabilities, selecting routes based on probabilities, and transmitting navigational data to drivers. The method involves adding additional shared ride requests falling within a deviation limit to a group ride, generating modified routes for group rides, and selecting the best route based on comparisons. The system also includes instructions for generating shared ride probabilities for specific routes by identifying segments, generating partial probabilities, and combining them based on predicted travel times.

Furthermore, the patent outlines a system and non-transitory computer-readable medium with instructions for implementing the method described. These components receive transportation requests, determine routes, generate shared ride probabilities, select routes, and transmit navigational data to drivers. They also include instructions for adding shared ride requests to group rides, generating modified routes for group rides, and selecting the best route based on comparisons. Additionally, the system and computer-readable medium have instructions for generating shared ride probabilities for specific routes by identifying segments, generating partial probabilities, and combining them based on predicted travel times. Overall, the patent aims to enhance the efficiency and effectiveness of shared rides through route optimization and group ride management.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.