Monday, January 04, 2016

G.M., Expecting Rapid Change, Invests $500 Million in Lyft - The New York Times

A major mobility milestone -- for Lyft, GM, and, competitively, Uber

"The founders of Lyft, the ride-hailing service, have long imagined that the future of transportation would involve fewer cars on the road. Now General Motors is helping the start-up reach that goal.

Lyft announced on Monday that G.M. invested $500 million in the company, or half of its latest $1 billion venture financing round. The funding, which recently closed, values Lyft, which is based in San Francisco, at $4.5 billion."
G.M., Expecting Rapid Change, Invests $500 Million in Lyft - The New York Times
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