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JLR, InMotion to invest $25mn in Lyft

By Swati Deshpande,

Added 13 June 2017

Technology collaboration will allow innovation

InMotion, Jaguar Land Rover's mobility services business, have announced a $25m (£19m) investment in Lyft, the fastest-growing rideshare company in the U.S.

This investment will support Lyft's expansion and technology plans. It will also provide Jaguar Land Rover's InMotion Ventures with the opportunity to develop and test its mobility services, including autonomous vehicles, and to supply Lyft drivers with a fleet of Jaguar and Land Rover vehicles.

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