Automaker GM will invest $500 million in ride-sharing startup Lyft, which is now valued at $5.5 billion.
Lyft, the ride-hailing startup, announced today that it is partnering with General Motors to create a network of on-demand self-driving cars. The announcement comes as Lyft closes a $1 billion funding round, half of which came from GM. Lyft is now valued at $5.5 billion.
