There is no information on timing of the updates but rest assured, all Motorola products will receive speedy Android 5.0 Lollipop upgrade. “We are excited to confirm that this latest and greatest Android release will also come to our other devices as part of our ongoing software strategy to provide fast updates to our pure Android experience.”
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Since all of these smartphones run almost Stock android experience, you would be able to appreciate the material design changes even more. Besides Material design, Android 5.0 Lollipop will bring more responsive UI, more efficient ART Runtime, 64 bit support, battery saver mode, and much more to the table. It’s good news that Moto E and Moto G 1st Generation haven’t been left behind