Jaguar Land Rover's corporate VC unit has diversified from its external investments to launch a car rental service in London called The Out.

InMotion Ventures, the corporate venturing arm of US-based automotive manufacturer Jaguar Land Rover, has launched an on-demand car rental service in the UK dubbed The Out.

The service will enable customers in the city of London to book and hire luxury Land Rover vehicles that can be delivered to the user’s home, office or to Gatwick, Heathrow and City airports. It includes insurance, unlimited mileage, child seats, additional drivers and pays London’s congestion charge on the user’s behalf.

Sebastian Peck,…