GM Acquires Sidecar Technologies
General Motors has acquired technology and assets of Sidecar Technologies, a ride-sharing service based out of San Francisco. This comes just weeks after GM announced $500 million investment in Lyft. GM will also hire over a dozen Sidecar employees including cofounder and chief technology officer of Sidecar, Jahan Khanna.
“In connection with Sidecar ceasing operations, we can confirm that we have attracted Sidecar employees to be integrated into the GM urban mobility team, and acquired certain related assets, for work on our global mobility programs," GM said in a statement.
The Detroit Free Press has reported that GM has also filed an application with the U.S. Patent and Trademark Office for application software called Maven that will connect vehicle drivers and passengers, coordinating transportation services.
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