US Patent Issued to Lyft on Sept. 30 for "System and method for navigating drivers to service transportation requests having surge pricing multipliers and surge pricing caps" (Israeli Inventors)

ALEXANDRIA, Va., Sept. 30 -- United States Patent no. 12,430,662, issued on Sept. 30, was assigned to Lyft Inc. (San Francisco).

"System and method for navigating drivers to service transportation requests having surge pricing multipliers and surge pricing caps" was invented by Sunny Marueli (Nes Ziona, Israel), Talmon Marco (Tel Aviv, Israel) and Igor Magazinik (Ramat Gan, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "In one embodiment, a method comprises receiving, at a server comprising at least one processor, a transportation request from a computing device of a passenger, the transportation request specifying a pickup location; and determining, by the server, a surge pricing multiplier and a sur...