Jaguar Land Rover says that it will supply Lyft with vehicles and plans to work together with the company.
In fact, auto major Ford's transportation solution investment arm, Ford Smart Mobility, had also led a $24 million round in Indian self-drive vehicle rental company Zoomcar a year ago. Waymo and nuTonomy have also expressed interest and placed investment in Lyft's operations, with nuTonomy working in collaboration with InMotion to develop autonomous cars in Boston through embedding nuTonomy's technologies. That news would otherwise be a run-of-the-mill partnership were it not for Waymo's very public legal battle with Lyft's main rival, Uber. Lyft has also been pretty clear about seeking to partner on autonomy, rather than pursue its own tech, which is likewise different from Uber's current approach.
The news comes less than a week after Lyft announced a partnership with self-driving auto software maker nuTonomy.
Senate Committee Hearing With Intelligence Chiefs
Comey to get the bureau to back off its focus on former national security adviser Michael Flynn in its Russian Federation probe". Trump tweeted Wednesday morning he would nominate Christopher Wray to replace Comey as Federal Bureau of Investigation director.
The UK-based automaker will partner with Lyft via a $25 million investment through Inmotion, its mobility services business.
"We're excited to join forces with Jaguar Land Rover and InMotion, " Lyft president and co-founder John Zimmer said in a statement. JLR's presence in the United Kingdom and Europe could open up more opportunities for Lyft to spread into even more cities in its mission to transform mobility.
Lyft Inc.is expanding its roster of automotive partners as the second-largest US ride-hailing company tries to capitalize on missteps by Uber Technologies Inc. Founded in 2012, the new investment follows a $600M round that was raised by Lyft in April, bringing a total of $2.6B raised to date. Another achievement was forging a partnership with Volvo to test the autonomous driving capabilities of its XC90 SUV model.