Turned v (majuscule: Λ, minuscule: ʌ) is a letter of the Latin alphabet, based on a turned form of V.
It is used in the orthographies of Ch'ol, Nankina, Northern Tepehuán, Temne and Wounaan, and also some orthographies of Ibibio.
Its lowercase is used in the International Phonetic Alphabet to represent an open-mid back unrounded vowel, the vowel in plus in many dialects of English.
Despite the similarity in appearance, the letter has no connection to the Greek Λ or the Cyrillic Л.
References
Turned v Wikipedia(Text) CC BY-SA