People, Person, Computer, Electronics, LCD Screen, Laptop, Pc

Lyft Raises New Capital And Continues Momentum

Today, we are excited to announce that Fidelity Management & Research Company is leading a $600M financing round in Lyft, bringing Lyft’s post-money valuation to $15.1 billion. Joining Fidelity in this capital raise is Senator Investment Group LP.

Lyft’s strong momentum has continued in the first half of 2018, with our recently launched new passenger app, an environmental commitment to make all Lyft rides carbon neutral, and our partnership with Magna to develop and scale autonomous vehicle technology.

As Lyft grows, we will double down on our values, and invest in the vision that cities should be built around people, not cars. We are committed to delivering the best possible experience for all members of the Lyft community, and we appreciate our drivers, passengers, and team members who help make this continued progress possible.

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Published on Jun 27, 2018

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