The automotive producer has combined with its InMotion Ventures subsidiary to make a $25m strategic investment in ride hailing company Lyft.
Carmaker Jaguar Land Rover and its InMotion Ventures unit combined today to invest $25m in US-based on-demand ride service Lyft as part of a strategic partnership deal.
Lyft is the second most used ride hailing company in the US, having been responsible for 22.8 million rides in February this year, and the cash will support the company’’s ongoing growth and technology development.
The partnership agreement will involve Lyft helping InMotion testing its mobility and autonomous driving services, while Lyft drivers…
