Mobility

GM invests $500M in Lyft

Posted on January 4, 2016

Lyft
Lyft

NEW YORK — General Motors (GM) invested $500 million in Lyft as part of the ride-hailing services latest round of venture financing, which totaled $1 billion overall, The New York Times reported.

As part of the investment into Lyft, GM will work on developing an autonomous, on-demand network of self-driving cars. GM will also work with Lyft to set up a series of short-term car rental hubs across the U.S., places where people who do not own cars can pick up a vehicle and drive for Lyft to earn money. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

RTC adding 20 electric bikes to Downtown Las Vegas share program

Move is in response to customer demands to expand bicycle fleet to include new electric options. 

Columbus launching first city-managed payment platform

Siemens Mobility and Bytemark, will integrate all mobility provider payments — spanning both public and private mobility options.

New Mexico DOT partners to provide commuting solution

The service will provide a flexible public transportation alternative to commuters who are not currently served by fixed route service.

L.A. Metro expands bike-share program

Sixteen new Metro Bike Share stations with up to 150 bicycles have now been installed in North Hollywood, Toluca Lake, and Valley Village.

Via expands Chicago service citywide

The company will supplement the existing transit by providing first- and last-mile connection for riders to-and-from all CTA and Metra stations.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation