Lyft joining forces with Jaguar Land Rover in tech venture

Xavier Trudeau
Juin 12, 2017

Britain's biggest carmaker Jaguar Land Rover said its mobility services business, InMotion Ventures, would invest $25 million in US ride services company Lyft Inc to help develop and test technology for self-driving cars.

Now, Jaguar Land Rover is also joining the company's Open Platform for autonomous cars: The collaboration with InMotion will see the Jaguar Land Rover-owned company "develop and test its mobility services, including autonomous vehicles" using Lyft's platform. In a press release, InMotion said that the investment will allow it to provide support for Lyft's expansion by supplying drivers with fleets of Jaguar and Land Rover vehicles.

In April, Lyft confirmed that it had raised a new round of funding, bringing in $600 million from a combination of new and old investors at a valuation of $7.5 billion.

Lyft already has an array of partnerships and deals related to self-driving cars. Lyft gaining more ground among automakers beyond longtime partner GM also explain why it was reported that the ride hailing company turned down overtures regarding a potential acquisition by the Detroit-based automaker. Just last week the company agreed to work with nuTonomy on a pilot program to test autonomous-drive vehicles in Boston.

In general, self-driving cars remain over the horizon, but ride-sharing companies like Uber and Lyft consider them to be an essential part of a long-term strategy.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL