Rideshare

The transaction will significantly expand Lyft’s presence in London’s black cab market.

SpotHero operates a digital parking marketplace that connects drivers with more than 13,000 garages, lots and valet locations across over 400 cities in the U.S. and Canada.

Lyft issued three-year growth and profitability targets in June in an effort to turn around its ridesharing business that has struggled to gain share from rival Uber.