Jaguar Land Rover announced the investment of $25 million in Lyft through its innovation arm InMotion.
The Tata group-owned British company will also provide the ride-hailing company with a fleet of Jaguar and Land Rover vehicles and work with them in developing autonomous car technologies, following the example of GM and Google’s Waymo who’ve also partnered with Lyft.
JLR has already begun testing autonomous vehicles in the UK and plans to operate a fleet of more than 100 driverless cars in the next three years.
“This is a strategic investment for both parties as we focus on innovating new mobility solutions for our customers”, said Hanno Kirner, Executive Director of Corporate and Strategy, Jaguar Land Rover. “Collaborating with an expanding technology business like Lyft is going to help us both accelerate our ambitions.”
“We’re excited to join forces with Jaguar Land Rover and InMotion,” said John Zimmer, Lyft President and Co-founder. “Lyft envisions a future where shared mobility will transform cities and improve people’s lives. This partnership will help us achieve that ambitious goal.”
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