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Lyft gets $25million from Jaguar Land Rover

Lyft gets $25million from Jaguar Land Rover
CarTrade Editorial Team CarTrade Editorial Team Monday 19 June 2017, 12:34 PM

Jaguar Land Rover has invested $25million in Lyft, a ride-sharing company based in United States.

The investment has been done through JLR’s innovation arm, InMotion Ventures. Lyft will use this money to expand its presence in US as well as improve its technologies. Other than this, the ridesharing company will help Jaguar Land Rover develop autonomous driving technologies. The British car maker will be supplying few cars to Lyft as a part of this deal.

“We are excited to collaborate with a leading platform like Lyft not only on developing premium mobility solutions but also devising innovative solutions to the transport problems that Jaguar Land Rover’s customers face. Personal mobility and smart transportation is evolving and this new collaborative venture will provide a real-world platform in helping us develop our connected and autonomous services," said Sebastian Peck, managing director, InMotion.

 

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