Jaguar Land Rover (JLR) has announced that it will invest US$25 million in the company Lyft, through its innovation arm InMotion. The deal allows Lyft to help develop autonomous driving technology for the British carmaker. JLR, which is now owned by the Tata Group, has already started experimenting on self-driving vehicles in the UK and intends to have a fleet of over 100 driverless cars in the next three years.
Lyft, a US-based transport network company, which has previously worked on a project with Google’s Waymo, will receive a fleet of JLR cars to work on self-driving technology.
Hanno Kirner, executive director of corporate and strategy, Jaguar Land Rover, has termed this move as a "strategic investment for both parties as we focus on innovating new mobility solutions for our customers". He also mentioned, "Collaborating with an expanding technology business like Lyft is going to help us both accelerate our ambitions."
Commenting on this partnership John Zimmer, Lyft president and co-founder, said, "We're excited to join forces with Jaguar Land Rover and InMotion... Lyft envisions a future where shared mobility will transform cities and improve people's lives. This partnership will help us achieve that ambitious goal."
