Jaguar Land Rover invests $25m in Uber rival Lyft

Ben Heathcote

In App Deals. June 12, 2017

Ride-hailing app and Uber rival Lyft has secured a $25 million investment from the InMotion Ventures arm of Jaguar Land Rover, which will support the company’s expansion and technology plans.

The investment will also provide InMotion Ventures with the opportunity to develop and test its mobility services, including self-driving vehicles, and to supply Lyft drivers with a fleet of Jaguar and Land Rover vehicles.

Lyft president and co-founder John Zimmer said the company “envisions a future where shared mobility will transform cities and improve people’s lives”, adding that the partnership with Jaguar Land Rover and InMotion will “helps us achieve that ambitious goal”.

Sebastian Peck, InMotion managing director, added:

“We are excited to collaborate with a leading platform like Lyft not only on developing premium mobility solutions but also devising innovative solutions to the transport problems Jaguar Land Rover’s customers face.

“Personal mobility and smart transportation is evolving and this new collaborative venture will provide a real-world platform helping us develop our connected and autonomous services.”

The $25 million investment from InMotion is thought to be part of the $600 million which Lyft raised in April.