GM, which will make the investment through its GM Ventures subsidiary, will in return receive a minority stake in Bright.
The Idea, which will use a GM engine and transmission, will have the capacity to drive 40 miles on battery power and about 300 miles on an internal combustion engine.
With this new EV, Bright is targeting the market for commercial vehicles that are used in fleets by cable, telecom, utility and other companies.
Bright has an initial target of building 50,000 Ideas in North America, thereby expanding the range of the commercial vehicles available for use in fleets by business owners.
Gary Lang Auto Group, a full-line GM Dealership in the North Chicago land area, will be offering the new commercial EV, Idea to businesses nearby.
