Jaguar Land Rover invests $25m in Lyft car-share

Jaguar Land Rover’s mobility and smart transport investment group has announced a $25 million (£19m) investment in a car-sharing service. The funding from InMotion Ventures will support Lyft to expand its […]

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By Jonny Bairstow

Jaguar Land Rover’s mobility and smart transport investment group has announced a $25 million (£19m) investment in a car-sharing service.

The funding from InMotion Ventures will support Lyft to expand its area of operations and improve its technology.

The deal will also provide Jaguar Land Rover’s offshoot with the opportunity to develop and test its own mobility services, which include a fleet of autonomous vehicles.

It will also supply Lyft drivers with a fleet of Jaguar Land Rover vehicles.

The move follows InMotion’s recent seed investment in SPLT, the Detroit-based digital carpool business, which works with Lyft to provide non-emergency medical transport.

Sebastian Peck, InMotion’s Managing Director, said: “We are excited to collaborate with a leading platform like Lyft not only on developing premium mobility solutions but also devising innovative solutions to the transport problems Jaguar Land Rover’s customers face.

“Personal mobility and smart transportation is evolving and this new collaborative venture will provide a real-world platform helping us develop our connected and autonomous services.”