GM invests in electric vehicle start-up Bright

General Motors has invested in electric vehicle company Bright Automotive, marking the first investment by the auto giant's venture-capital arm.

The companies said Tuesday that the investment by recently created GM Ventures for an undisclosed amount will give GM a minority stake in Anderson, Ind.-based Bright and accelerate Bright's plans to manufacture a plug-in hybrid van that can get up to 100 miles per gallon.

The prototype of Bright's Idea plug-in hybrid utility van.

(Credit: Martin LaMonica/CNET )

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