Lyft, GM Partner on New Line of Self-Driving Cars
On-demand vehicle service, Lyft, announced on Monday a partnership with automotive giant General Motors that may change the “future of transportation” in America. In a statement published on Lyft’s company blog, John Zimmer, the ridesharing company’s president and co-founder said, “The future of transportation is changing rapidly. This raise and collaboration with GM are exciting milestones in our three-year history that continue Lyft’s leadership in redefining traditional car ownership. We are thrilled to take this momentum into the new year and continue improving life in our cities through more affordable, accessible and enjoyable transportation.”
Zimmer added, “Today, we’re excited to share that we have raised $1 billion. Not only does this double our total capital raised to-date, but this also includes an important strategic investor, General Motors, who invested $500 million.” The partnership with GM includes a push toward a “network of on-demand autonomous vehicles,” aka, self-driving cars. Lyft also announced an initiative with GM that will allow non-car owners to join the ranks of the company to earn extra money. “GM will also establish a series of national rental hubs where Lyft drivers can access short-term vehicles, unlocking new ways for people to earn money without having to own a car,” the statement read. According to a press release, GM president Dan Ammann said, “We see the future of personal mobility as connected, seamless and autonomous. With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.” Self-driving cars are no longer just a pipe dream. The future is now (or at least pretty soon).