Lyft had five patents in ecommerce during Q4 2023. Lyft Inc’s patent filed in Q4 2023 describes a system for supply control that uses historical data to predict driver demand for expected events and offers incentives to meet that demand. GlobalData’s report on Lyft gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Lyft grant share with ecommerce as a theme is 60% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Driver supply control (Patent ID: US20230385978A1)

The patent filed by Lyft Inc. describes a system for supply control that utilizes historical event data to predict driver demand for expected events and determine incentives to meet this demand. The system involves receiving indications of expected events, analyzing historical data to select similar events, generating expected driver demand, selecting digital incentives based on this demand and an incentive yield model, transmitting these incentives to providers, monitoring user interactions, adjusting incentives based on responses, monitoring driver yield during events, and updating the incentive model accordingly. The system aims to optimize driver supply based on anticipated demand through data-driven decision-making and real-time adjustments.

The method and system outlined in the patent involve a computer-implemented approach to efficiently manage driver supply in response to expected events. By leveraging historical data and user interactions, the system can accurately predict driver demand, tailor incentives to meet this demand, and adapt in real-time based on user responses. This data-driven approach not only optimizes driver availability but also enhances user experience by ensuring timely and efficient service. The system's ability to analyze historical events, generate demand forecasts, and adjust incentives dynamically showcases an innovative solution for supply control in the transportation industry, potentially leading to improved operational efficiency and customer satisfaction for Lyft Inc.

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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.