Lyft announced today that Alphabet ’s investiture sleeve CapitalG — formerly have sex as Google Capital — led a $ 1 billion investment round in the drive - share society .
In ablog post , Lyft stated that the investment pumps its valuation up to $ 11 billion and that CapitalG Partner David Lawee is join the Lyft board .
Google ’s parent companyhas reportedly been consideringinvesting heavily in Lyft since at least September . But the technobromance first start to bud back in May , when Alphabet ’s independent fomite ontogenesis companyWaymo partner with Lyft , which render Waymo a major encouragement in its crusade to catch up with Uber — its main challenger in theself - driving car wars .
https://gizmodo.com/a-brief-history-of-uber-and-googles-very-complicated-re-1792713811
ab initio , Alphabet teamed up with Uber . Back in 2013 , Google Ventures ( which is separate from CapitalG and is now just called “ GV ” ) made itslargest investment ever—$258 million — in Uber as Alphabet chief legal officeholder David Drummond join the Uber display board . While the brace made headline as early as 2015 for “ go to war over ego - get taxis , ” other partnership between the society have followed . In March 2016 , Google built an “ Uber check ” inside its Maps app .
But sexual congress soured whenWaymo sued Uberin February after an Uber engineer allegedly stole innovation and craft secrets relating to self - driving car . Since then , Uber has hit consistent challenges with multiple embarrassing revealing detailingtoxic incarnate cultureandsystemic misdirection . Meanwhile , Lyft has seen an uptickin ridesandrevenue .
Now Alphabet is betting heavy that Lyft could catch up while Uber is down .
[ Lyft ]
ALPHABETGoogleLyftSelf - drive carsUber
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