(MENAFN) Transfer service company Lyft said on Thursday Capital G that growth investment fund of Google parent company Alphabet Inc, led a USD1 billion round of financing, boosting the assessment of the ride service to USD11 billion.
The company already received an investment from GM but it looks like Lyft is shifting more to Alphabet, which has its own autonomous car development platform Waymo.
Lyft also said that CapitalG partner David Lawee will be joining the company's board.
Lyft is said to be number one rival of transfer service company Uber in United States.
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