Lyft launched its scooter business in Denver on Thursday, the first market for the company as it expands beyond ride-hailing and into other means of transportation. Lyft is one of a handful of companies to receive permits from city officials to operate a dockless scooter or bike-share business. Lyft has 250 scooters available for customers […]
View More Lyft launches its scooter business in DenverCategory: John Zimmer
Lyft is building a self-driving platform with auto supplier Magna
Lyft is partnering with Magna, one of the largest tier one automotive industry suppliers in the world, on autonomous vehicle technology. Lyft CEO and co-founder Logan Green explained that this will help them get their self-driving tech into various automaker vehicles around the world. Lyft will be working directly with Magna on “co-developing” an autonomous driving […]
View More Lyft is building a self-driving platform with auto supplier MagnaLyft raising additional $500 million on top of recent $1 billion round
Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised in a round led by Alphabet venture arm CaptialG last month. The $500 million is an extension of that round, the company told Axios, and is not yet closed. But it should add to Lyft’s overall valuation once closed, bringing its post-many total to $11.5 billion. The round extension would allow Lyft… Read More