Jaguar Land Rover gives Lyft $25 million and a fleet of vehicles for autonomous testing
UK-automaker Jaguar Land Rover is investing $25 million in Lyft to support the ride-hail company’s autonomous and connected vehicle activities, the two companies announced today. The money was invested through InMotion, Jaguar Land Rover’s mobility services subsidiary, and was included in Lyft’s latest round of fundraising, which ended in April.
Under the terms of the deal, JLR will provide an unknown number of vehicles to Lyft drivers. Additionally, JLR — Britain’s biggest carmaker — will be allowed to test its autonomous vehicles on Lyft’s ride-hailing network. The automaker has been testing its autonomous research vehicles on a 44-mile stretch near its headquarters in Coventry.
Lyft has been on a streak of corporate cooperation…