Jaguar Land Rover invests $25m in Lyft to develop self-driving cars

The investment is from InMotion Ventures, a unit of JLR that focuses on autonomous cars

Bernard Condon
Monday 12 June 2017 17:23
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In return for the investment, Jaguar Land Rover will supply the cars
In return for the investment, Jaguar Land Rover will supply the cars

The next Lyft car you book may soon be a Jaguar or a Land Rover.

The British company behind the two iconic car brands announced on Monday that it was investing $25m (£19.7m) into Lyft, to help the ride-hailing business expand and develop technologies.

As part of the investment, Jaguar Land Rover agreed to supply a fleet of its vehicles.

The investment is from InMotion Ventures, a unit of Jaguar Land Rover that focuses on autonomous cars and other technology.

The collaboration will provide a “real-world platform helping us develop our connected and autonomous services,” InMotion managing director Sebastian Peck said.

InMotion earlier invested in SPLT, a Detroit-based digital carpool business. SPLT works with Lyft to provide non-emergency medical transport.

Lyft announced earlier this month that it was forming a research partnership with self-driving startup nuTonomy. The companies plan to look at how passengers book and route a self-driving car, and how they interact with it.

San Francisco-based Lyft operates in 300 cities. It has also partnered with General Motors to research autonomous ride-hailing.

AP

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