Fidelity led the round, bringing the total raised by Lyft, which counts corporates such as GM, Alibaba and Alphabet as backers, to $4.4bn.

Lyft, the US-based ride hailing service backed by corporates including General Motors (GM), Alphabet, Alibaba, Rakuten and Magna International, raised $600m yesterday in a round that valued it at $15.1bn post-money.

Financial services group Fidelity Management and Research led the round, which included hedge fund Senator Investment Group. It increased the company’s overall equity funding to $4.4bn.

Lyft runs an app-based ride ordering platform that had more than 610,000 daily active drivers across the US and Canada as of the…