Alphabet leads $1 billion investment in ride-hailing company Lyft
October 19, 2017 at 12:46 PM EDT
Alphabet’s investment fund CapitalG led a $1 billion investment round in ride-hailing company Lyft, the companies said Thursday. The new funding is likely to rev up competition in the ride-hailing space and the race for developing self-driving vehicles, something both Alphabet, Lyft, and its competitor Uber Technologies Inc. have all been pouring money into.
