Lyft had seven patents in digitalization during Q2 2024. Lyft Inc’s patents filed in Q2 2024 focus on surge pricing management and intelligent restriction of transportation changes in a dynamic transportation matching system. The surge pricing system determines pricing based on pickup location, with a cap on the fare subject to surge pricing. The intelligent restriction system analyzes signals related to transportation to prevent changes in destination, route, or waypoint, ensuring safety and generating notifications for providers. GlobalData’s report on Lyft gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Lyft had no grants in digitalization as a theme in Q2 2024.
Recent Patents
Application: System and method for navigating drivers to service transportation requests having surge pricing multipliers and surge pricing caps (Patent ID: US20240211982A1)
The patent filed by Lyft Inc. describes a computer-implemented method for determining surge pricing for transportation requests based on factors such as the number of requests and drivers in specific areas. The method involves generating surge factors for different areas, calculating a distance-weighted surge factor based on the pickup location, and transmitting this information to users through a graphical interface. The system also includes instructions for handling fixed-surge areas, combining surge factors from multiple areas, and updating surge factors based on distances and total distances.
Additionally, the patent includes claims for a non-transitory computer-readable medium and a system that implement the method described. These claims detail the instructions executed by processors to receive transportation requests, generate surge factors, calculate distance-weighted surge factors, and transmit this information to users. The system also includes instructions for handling fixed-surge areas, combining surge factors from different areas, determining distances, and updating surge factors. Overall, the patent outlines a comprehensive method and system for determining surge pricing in transportation services based on various factors related to demand and supply in different areas.
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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.
