auto dealer in black and red logo
MenuMENU
SearchSEARCH

GM Teams With Lyft to Build Fleet of Self-Driving Cars

On Monday, ridesharing firm Lyft announced it closed a $1 billion round of funding, half a million of which came from General Motors. The plan, according to the two companies, is to eventually deploy a fleet of GM self-driving vehicle within Lyft’s ride-hailing service.

by Staff
January 4, 2016
2 min to read


SAN FRANCISCO — Lyft has a new partner in its drive toward building a fleet of self-driving vehicles. On Monday, General Motors announced it is investing half a million dollar in the software startup. The investment grants GM a seat on Lyft’s board.

The automaker's investment was part of a new $1 billion round of funding Lyft closed on Monday. The plan is to eventually release GM self-driving cars within Lyft’s ridesharing service.

“We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Ammann in a press release. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”

Additionally, the companies will form a series of national rental hubs where Lyft drivers can rent short-term vehicles, allowing people to drive for Lyft without using their own vehicle.

“The raise and collaboration with GM are exciting milestones in our three-year history that continue Lyft’s leadership in redefining traditional car ownership,” said John Zimmer, Lyft's president and co-founder. “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.”

In October, Lyft reached an annual gross run rate of $1 billion and surpassed 40% market share in San Francisco and Austin, according to the firm. In its three years of operation, Lyft has raised more than $2 billion. The ride-sharing company’s seven million rides per month in more than 190 cities makes it the fastest-growing ride-share platform in the United States, according to Lyft.

As of this latest round of investments, Lyft is valued at $5.5 billion, post money, according to the company.

More Digital

Scott Worthington, vice president of product management at Reynolds and Reynolds, stands indoors in front of large windows wearing a navy blazer and white shirt.
Digitalby StaffMarch 3, 2026

Reynolds, Corpay Partner to Enhance Dealership Payables

The new connection between the companies is designed to help digitize payments, targeting smoother transactions for automotive dealers.

Read More →
Headshot of Zach Shefska, CEO of CarEdge, alongside the CarEdge logo on a blue background.
Digitalby StaffFebruary 24, 2026

Free Public Scoring System Rewards Honest Dealer Prices

CarEdge Dealer Transparency Index is based on verified quotes, and retailers can be rewarded with badges and other marketable proofs of honest pricing.

Read More →
Graphic promoting StoneEagle at the 2026 NADA Show in Las Vegas, featuring a photo of CEO Cindy Allen.
Product & Technologyby StaffJanuary 20, 2026

StoneEagle to Unveil Next-Gen F&I Solutions at NADA

Empowering the F&I office through data is central to the company’s reimagined solutions it's scheduled to debut soon.

Read More →
Ad Loading...
Digitalby Hannah MitchellJanuary 9, 2026

Automaker Websites Valuable Tools

The majority of shoppers visit them, and most undecided consumers consider the brands whose sites they peruse, but some automakers emphasize brand over product detail.

Read More →
Product & Technologyby Hannah MitchellNovember 25, 2025

AI-Guided Car-Shopping Insight

Consumers say they’re using the tech, but many still end up at dealerships to seal the deal.

Read More →
A smartphone displaying a Hertz Car Sales online listing sits beside the Cox Automotive logo, illustrating Cox’s new omnichannel car-buying platform.
Digitalby StaffNovember 11, 2025

Omnichannel Car-Buying Platform Launches

Cox Automotive says the technology enables online transactions on client sites and third-party marketplaces simultaneously.

Read More →
Ad Loading...
Digitalby Hannah MitchellOctober 31, 2025

Audi Drivers Can Ditch That Pesky Manual

Updated mobile app features AI assistant for tech questions, EV tasks and more

Read More →
Digitalby Hannah MitchellOctober 24, 2025

GM Cars to Get Smarter Over Time

Automaker announces single vehicle computing system to connect lineup for faster updates

Read More →
Shawn Concannon, president of TSD Mobility Solutions, stands inside a modern office building, representing TSD’s continued growth in connected-fleet technology.
Digitalby StaffOctober 14, 2025

TSD Mobility Acquisition to Bolster Telematics

Latest addition expands connected-fleet technology, strengthening telematics capabilities and global reach

Read More →
Ad Loading...
Digitalby Hannah MitchellSeptember 5, 2025

Cyber Threats Continue Apace

Hackers, seeing auto retail vulnerabilities in 2024 CDK incident, are taking advantage, data show.

Read More →