Lyft Raises $1 Billion At $11 Billion Valuation Led By Alphabet’s CapitalG

Lyft shared the news in an official blog post, and noted that it has run over 500 million rides to date, and expanded its coverage in the U.S. to 95 percent of the population, which is up from just 54 percent at the start of 2017.

Alphabet’s GV early investment fund invested early in Uber, which makes this more interesting. But relations between Uber and Google’s parent company have likely soured in general now that Alphabet’s Waymo self-driving company is engaged in an ongoing legal battle with Uber over allegedly stolen trade secrets regarding LiDAR tech.