Jaguar Land Rover to Invest $25 Million in Lyft

By Jesse Sokolow on 14 June 2017
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Jaguar Land Rover announced that its mobility services business, InMotion, is making a $25 million investment in ride-hailing service Lyft.

Under the terms of the agreement, Jaguar Land Rover plans to supply Lyft with a fleet of vehicles for testing purposes. Lyft says it will use the cash to fund an expansion in the United States.

Meanwhile, InMotion will collaborate with Lyft on mobility services, including self-driving cars.

The move follows General Motors’ $500 investment in Lyft-rival Uber in 2016. Jaguar Land Rover is owned by India’s Tata Motors.

In May, Lyft announced a partnership with Google’s autonomous car unit Waymo and last week it said it would partner with Nutonomy, a company that is currently operating robo-taxis in Singapore.

(Photo: Accura Media Group)