Jaguar Land Rover invests $25 million into Lyft to develop self-driving tech
InMotion Ventures, a unit of Jaguar Land Rover that focuses on autonomous cars and other technology, has invested $25 million into Lyft.autos Updated: Jun 12, 2017 13:51 IST
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 Monday that it was investing $25 million 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.
San Francisco-based Lyft operates in 300 cities. It has also partnered with General Motors to research autonomous ride-hailing.