Lyft is looking to launch an electric scooter service in San Francisco

• According to The Information, Lyft is seeking a permit to launch an e-scooter rental service in San Francisco.
• If Lyft succeeds, it would be one of five companies allowed to operate in San Francisco under new regulations.

Lyft is looking to get into the electric scooter business.

According to a report from The Information, ride-hailing company Lyft is planning to apply for one of five dockless electric scooter permits from the city of San Francisco.

A Lyft spokesperson declined to comment.

The city of San Francisco voted to regulate scooters last month after residents voiced concerns about the dockless scooters running amok. The SFMTA's new permitting system would create a one-year pilot program granting permits to five companies for 500 scooters each.

Three companies — Bird, LimeBikes, and Spin — already launched e-scooters in the city earlier this year. That leaves two more spots for additional companies looking to cash in on the scooter trend.