https://techcrunch.com/2023/11/16/gm-absorbs-commercial-ev-unit-brightdrop-ceo-is-out/

BrightDrop, the commercial EV subsidiary of General Motors that launched in 2021, is being swallowed up by its parent company.

GM said Thursday that BrightDrop — a “startup” that spun out of the automaker’s Global Innovation organization to become a wholly owned subsidiary — will become part of GM. BrightDrop CEO Travis Katz, who was an entrepreneur-in-residence at Redpoint Ventures before taking the top post, has stepped down from the CEO role and is no longer employed by GM, the company confirmed.