Lyft, Jaguar Land Rover in tech venture

Jaguar Land Rover is investing $A33 million into Lyft to help the ride-hailing business expand and develop technologies.

1 min read

Published 12 June 2017 5:20pm

Source: AAP

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The next Lyft car you book may soon be a Jaguar or a Land Rover.

The British company behind the two iconic car brands announced on Monday that it was investing $US25 million ($A33 million) into Lyft to help the ride-hailing business expand and develop technologies.

As part of the investment, Jaguar Land Rover agreed to supply a fleet of its vehicles.

The investment is from InMotion Ventures, a unit of Jaguar Land Rover that focuses on autonomous cars and other technology.

San Francisco-based Lyft operates in 300 cities. It has also partnered with General Motors to research autonomous ride-hailing.

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