BrightDrop, a General Motors Co. startup, focused on offering electric delivery options, told investors on Thursday it's on track to reach $1 billion in revenue in 2023.
The startup has previously only given specific revenue expectations of $5 billion by mid-decade and possibly $10 billion by 2030. The company confirmed it will generate up to $10 billion in revenue and reach 20% profit margins by the end of the decade.
Also on Thursday, the company unveiled BrightDrop Core, a subscription-based software platformto help customers better optimize their business. It combines data from BrightDrop products to give better visibility, insight and control of their operations, GM said.
