GM has invested USD 500 million in ride hailing company Lyft

Q.  Which ride haling company has GM invested USD 500 million in?
- Published on 06 Jan 16

a. Uber
b. Meru
c. Lyft
d. Ola

ANSWER: Lyft
 
GM has invested USD 500 million in ride hailing company Lyft and forming a partnership leading to on demand, self driving cars. This is the biggest investment by the traditional automaker in the mobility company and is an acknowledgement by GM that the transportation landscape is fast changing. In May 2014, Fontinalis Partners a venture capital firm co-founded by Ford Motor Co's executive chairman Bill Ford invested this company. Lyft co-founder and president John Zimmer and Ammann say the two companies began serious discussions about the investment months ago.

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