Lyft Raises $1 Billion, Partners with GM on Future of Transportation

Lyft Raises $1 Billion, Partners with GM on Future of Transportation

Today, we’re excited to share that we have raised $1 billion. Not only does this double our total capital raised to-date, but this also includes an important strategic investor, General Motors, who invested $500 million.

The future of transportation is changing rapidly. This raise and collaboration with GM are exciting milestones in our three-year history that continue Lyft's leadership in redefining traditional car ownership. We are thrilled to take this momentum into the new year and continue improving life in our cities through more affordable, accessible and enjoyable transportation.

We will work with GM to build a network of on demand autonomous vehicles that will make getting around more affordable, accessible and enjoyable. GM will also establish a series of national rental hubs where Lyft drivers can access short-term vehicles, unlocking new ways for people to earn money without having to own a car.

This round also included Kingdom Holding Company, who invested $100 million, along with several new and existing Lyft investors including Janus Capital Management, Rakuten, Didi Kuaidi and Alibaba.   

If you’d like to read more, please click over to our press release.


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