GM Invests in Auto Service Startup
Dec. 21, 2020—General Motors has invested in Yoshi, a Silicon Valley startup offering on-demand auto services, reports The Detroit News.
Yoshi has raised $23 million as a part of its Series B fundraiser, where GM Ventures (a GM subsidiary) was the leading investor. The company gained investments from GM Ventures, ExxonMobil and NBA player Kevin Durant in its first round of funding.
The company, which was founded in 2015, offers services like gas delivery, oil changes, washing and more and plans to get into alternative fuels going forward. Services are offered through its app in five major U.S. markets and GM has started rolling out the service to its employees.