GM Invests In Bright IDEA

GM Ventures, the new VC arm of General Motors, is investing $5 million in Bright Automotive, based in Anderson, IN, according to a Bright news release (PDF) and reports in The Wall Street Journal and Reuters. Bright develops plug-in hybrid electric vehicles. This investment will speed along development of a commercial vehicle called the Bright IDEA. GM Ventures launched in June with an initial treasure chest of $100 million.

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  • Zan

    They have $5 million to invest after taking so much in tax payer money? Shouldn’t they pay this back first?