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Lyft Gets $500 Million From GM

Techcrunch, Sarah Buhr

The funding from GM helps form a long-term strategic alliance to build out a connected, ownerless car service with Lyft. GM has been working on autonomous vehicle technology and will now start testing autonomous Chevy Volts on several of its campuses in 2016 – though GM did not want to give a date for when these vehicles might be available to consumers.

It’s interesting to see that GM invested in Lyft. But makes since for Lyft and GM, GM will make the cars. Lyft will be the service that gets you around using GM cars.




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