GM leads $23 million investment in on-demand vehicle maintenance service Yoshi

GM leads $23 million investment in on-demand vehicle maintenance service Yoshi

GM Ventures is leading a $23 million investment round into on-demand car maintenance service Yoshi.YoshiGeneral Motors is leading a $23 million funding round for an on-demand car maintenance service called Yoshi. It's the second time GM's venture capital arm has invested in the Silicon Valley start-up since 2018.The Series B funding round will help finance the company's hiring and expansion plans for the coming years as it emerges from the coronavirus pandemic, according to Yoshi co-founder and CEO Bryan Frist."Covid has been interesting for us. We obviously took a huge hit when Covid hit but we are now approaching the levels that we were at coming into it," he told CNBC. He said while many people are driving less, there's growing demand for its contactless services.Yoshi was founded in 2015 as an on-demand fueling company in California. It would fill a vehicle's tank wherever a driver wanted instead of the owner having to stop at a gas station. It has since expanded to also offer other services through its app such as oil changes, car washes and windshield treatments in five major markets across the U.S.The start-up has raised more than $38 million for its expansion plans. It most recently