Tuesday, January 19, 2016

General Motors Salvages Ride-Hailing Company Sidecar for Parts - Bloomberg Business

Intellectual property mobility

"The automaker has acquired the technology and most of the assets of the San Francisco-based ride-hailing pioneer Sidecar Technologies Inc. GM is also bringing on board around 20 employees from the Sidecar team, including co-founder and Chief Technology Officer Jahan Khanna. Co-founder and Chief Executive Officer Sunil Paul is not joining GM.
[...]
The person familiar with the deal added that as part of the transaction, GM will also get a license to a patent that was granted to Sidecar CEO Paul in 2002: “System and method for determining an efficient transportation route.”
Sidecar executives believed the patent covered the essential intellectual property behind ride-sharing, though Uber and Lyft never responded to Sidecar’s repeated attempts to enforce the patent, this person said."
General Motors Salvages Ride-Hailing Company Sidecar for Parts - Bloomberg Business
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