Lyft Raises $25 Million From Jaguar Land Rover for Self-Driving Cars

Lyft Raises $25 Million From Jaguar Land Rover for Self-Driving Cars
By Polina Marinova.

Lyft is on a partnership binge.

This morning, InMotion, a venture capital fund backed by Jaguar Land Rover, announced a $25 million investment in the ride-hailing company. The funding was included in Lyft’s $600 million Series G round in April.

As part of the deal, Jaguar Land Rover will supply Lyft with a fleet of Jaguar and Land Rover vehicles, while the U.K.-based automotive company develops and tests self-driving cars.

Lyft’s self-driving technology efforts are accelerating aggressively as the company doubles down on forging partnerships with industry leaders.

Read more at Fortune.

Be first to comment