After recently investing $500 million in Lyft, General Motors continues to expand its ride-sharing service by buying assets of Sidecar Technologies Inc. Sidecar stopped its ride-sharing and delivery operations on Dec. 31.
by Staff
January 20, 2016
A screenshot from the Sidecar mobile app. Photo courtesy of Sidecar.
1 min to read
A screenshot from the Sidecar mobile app. Photo courtesy of Sidecar.
General Motors has acquired the assets of Sidecar Technologies Inc. and hired some of its employees, according to a report by The Detroit News. Sidecar recently closed its ride-sharing and delivery operations on Dec. 31.
This acquisition comes soon after GM invested $500 million in Lyft to help expand its ride-sharing service and urban mobility team.
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According to a company statement, GM “attracted Sidecar employees to be integrated into the GM urban mobility team, and acquired certain related assets, for work on our global mobility program.”
Vijay Iyer, a GM spokesman, told The Detroit News that the company is in the process of hiring Sidecar employees but wouldn’t comment on the number of employees hired or the specific assets bought.
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