The mobility-tech arm of British luxury-vehicle maker Jaguar Land Rover (JLR) said it has invested $25 million in ride-hailing company Lyft. JLR and Lyft will partner on a series of ventures, including JLR’s autonomous-vehicle development effort.
The announcement was made by JLR’s “mobility services” business, called InMotion Ventures. InMotion said its $25 million investment will “support Lyft’s expansion and technology plans,” while giving JLR an opportunity to test its self-driving vehicles in the Lyft service.
Image source: Jaguar Land Rover