BrightDrop, GM’s electric delivery company, projects $1 billion in revenue in 2023

Photo by Andrew Hawkins / The Verge

BrightDrop, the EV logistics company owned by General Motors, projects it will reach $1 billion in revenue in 2023, making it one of the fastest companies in history to reach that milestone.

The announcement was made in advance of a GM investor event, at which the automaker was expected to outline its plan to cover its massive investments in electric vehicle development amid a cooling economy. And it comes just shy of two years since GM announced the creation of BrightDrop as its effort to corner the market on electric delivery vehicles.

Since then, the company has released a modest slate of products, including the Zevo 600 electric van, an electric pallet for moving packages, and a suite of fleet management software. And it’s adding...

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