Flexible car ownership marketplace nabs up to $1B from BMW, Penske and Sherpa Capital

[ad_1] — an all-digital car marketplace that was co-founded by car industry vets Georg Bauer of BMW, Mercedes-Benz, and Tesla; Scott Painter of TrueCar; and Fedor Artiles of Mercedes-Benz, Chrysler, Volkswagen, and Tesla — has been largely operating under the radar since quietly launching its business earlier this year. But today, it’s coming roaring down the street, […]


Lyft confirms $1B investment from Alphabet

[ad_1] Lyft Looks like Lyft could soon be appearing larger in Uber‘s rear-view mirror. Confirming last month’s reports, the ride-hailing startup announced today that Google-parent Alphabet’s growth investment fund, CapitalG, is leading a $1 billion financing round. This brings Lyft’s valuation to $11 billion. While Lyft isn’t as ubiquitous as its main competitor Uber, the […]