Latest News – Tata Motors-owned British luxury carmaker Jaguar Land Rover (JLR) has invested $25 million in US ride-hailing company Lyft as part of a partnership that includes development and testing of autonomous cars.
The investment in Uber’s chief rival Lyft was done through InMotion Ventures, the venture capital arm of JLR. This was part of the $600-million funding round the ride-hailing firm closed in April at a valuation of $7.5 billion.
In a statement, InMotion said that the innovation would help Lyft expand by supplying its drivers with fleets of Jaguar and Land Rover cars. However, more importantly, it said that the partnership would be used to further its research and development in mobility services, including (Read More)