In the last month, there was news that Google’s parent company would invest in the Cheche platform. It seems that such rumors are likely to be true. Lyft recently received a $1 billion financing, and the financing was led by Capital's CapitalG Foundation. As a result, Lyft's late monetary valuation totaled $11 billion.
In fact, such news is not surprising. This is because Google has long ago joined the autopilot technology. Its original R&D department has grown to establish an independent company, Waymo.
Lyft Receives $1 Billion in Financing Google's Parent Company
Google’s parent company, Alphabet, is also interested in self-driving cars. Waymo has previously confirmed that the company will work with Lyft to develop a self-driving car project. This investment of one billion U.S. dollars even highlights the further in-depth cooperation between the two parties.
Previously, the relationship between Google and Uber has deteriorated. Google invested $250 million in the latter in 2013 and jointly developed the company's self-driving car. However, the relationship between the two parties has changed since then. In a legal dispute, Waymo claimed Uber stole its trade secrets and used it in the development of its own self-driving car sensors.
This year, Lyft has achieved a milestone. The company has completed its 500,000th order. 95% of the population in the United States has access to its services. At the beginning of the year, this figure was only 54%.
(Via:ubergizmo.com)
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