- In May 2025, the on-demand transportation market continued to emphasize the integration of electric vehicles (EVs) and autonomous vehicles (AVs). Although no major fleet-wide launches of fully autonomous ride-hailing services were reported between 2023 and 2025, leading companies such as Uber and Lyft have made notable strides. Uber partnered with May Mobility to deploy AVs in cities such as Arlington and Atlanta by late 2025, while Lyft announced collaborations with Mobileye and May Mobility to bring AVs to its platform starting in 2025. Both companies are also expanding their EV adoption, with Uber reporting over 105 million zero-emission trips in Q1 2025 alone. These developments reflect a steady and strategic shift toward sustainable, tech-driven mobility rather than a single breakthrough moment
- In February 2025, the global ride-sharing market—led by key players such as Uber, Lyft, Ola, Grab, and Didi—continues its robust expansion across regions. This growth is fueled by accelerating urbanization, widespread smartphone adoption, and a rising demand for affordable, flexible transportation. Companies are scaling through localized service offerings, strategic partnerships, and ongoing enhancements to app-based platforms that improve user experience and operational efficiency. The market is projected to reach USD 150 billion by 2035, with a CAGR of 5.89% from 2025 onward, reflecting its pivotal role in shaping future urban mobility
- In November 2024, Lyft announced its Q3 2024 financial results, reporting a record 24.4 million active riders, marking a 9% year-over-year increase. Although not tied to a specific product launch or partnership, this surge in user engagement underscores Lyft’s growing market presence and the sustained popularity of on-demand transportation services. The company also recorded 217 million rides, up 16% from the previous year, reinforcing its operational momentum and user loyalty
- In June 2023, Grab launched GrabRentals in Singapore, offering users the ability to rent cars by the hour or day. This new service marked a strategic expansion beyond Grab’s core ride-hailing and delivery operations, catering to individuals seeking flexible, on-demand mobility. By enabling short-term car access, GrabRentals supports a broader range of transportation needs—from spontaneous trips to temporary vehicle use—while reinforcing Grab’s position as a comprehensive mobility platform
- In February 2023, Gett revealed a strategic partnership with Curb Mobility, a major U.S. taxi and e-fleet operator, to strengthen its on-demand transportation services across 65 cities in the United States. This move expands Gett’s marketplace to include yellow cabs and black cars, alongside its existing partner fleets such as Lyft and Ola. The collaboration supports Gett’s transition into a corporate Ground Transportation Management (GTM) platform, offering businesses broader coverage and more vehicle options while optimizing travel spend and operational efficiency
