Google Drive has been launched offering users a massive 5GB of storage space for no charge.
In a post on the company's official blog, Google joked about rumours surrounding the new product, comparing it to the Loch Ness monster, but confirmed that unlike the mythical creature, Drive actually does exist.
Google has launched its new Drive storage tool (PA)
'Whether you’re working with a friend on a joint research project, planning a wedding with your fiancé or tracking a budget with roommates, you can do it in Drive. You can upload and access all of your files, including videos, photos, Google Docs, PDFs and beyond,' the company stated.
Drive comes with 5GB of storage completely free, however, people can also pay for extra space with 25GB costing $2.49 a month, 100GB costing $4.99 a month and a whopping 1TB costing $49.99 a month.
Google Drive is compatible with Google Docs meaning people can work with others on real time documents. It can also be accessed anywhere as Drive can be installed on PCs and Macs as well as downloaded to Android phones or tablets.
A Drive app for iOS devices is in the pipeline.
Google Drive will be going head to head with a number of other similar services including Microsoft's Skydrive and Dropbox.
VIDEO: Google explains its new product Google Drive