Jaguar Land Rover gives Lyft $25M and a fleet of cars

Jaguar Land Rover gives Lyft $25M and a fleet of cars

0 comments 📅29 June 2017, 18:45

Lyft recently raised $600 million in a gigantic funding round, and now we know that $25 million of that came from Jaguar Splash down Rover, via its mobility services subsidiary InMotion. The car maker’s investment in Lyft goes beyond virtuous funds, however; it’s providing Lyft drivers with a fleet of Jaguar and Soil Rover vehicles as part of the tie-up, and it’s also going to work with the ride-hailing tech followers on autonomous vehicle testing.

This is yet another high-profile partner for Lyft after a outpouring of recent new collaborators, including Waymo and, just last week, Nutonomy. Now, Jaguar Estate Rover is also joining the company’s Open Platform for autonomous cars: The collaboration with InMotion wishes see the Jaguar Land Rover-owned company “develop and test its mobility services, including autonomous vehicles” using Lyft’s plank.

Lyft’s ability to rapidly bring on a lot of partners in the car maker space, specifically round autonomy, may have a lot to do with rival Uber’s ongoing problems, which now also count mounting calls for CEO Travis Kalanick to step back, at least temporarily, from his influence role. Lyft has also been pretty clear about seeking to accessory on autonomy, rather than pursue its own tech, which is likewise different from Uber’s fashionable approach.

Uber, too, has brought automakers to the table around self-driving services and making use of its pe hailing platform for mobility service offerings. Both Uber and Lyft sound interested in being the layer that connects riders and these future services, and for automakers, it means leaving a complex and challenging component of the picture to partners with experience and expertise, rather than having to twist up that part of the tech business themselves.

The fleet provision in the deal is also spellbinding, and suggests the partnership between the two could involve more strategic cooperative post offerings ahead of the advent of commercial self-driving tech. Lyft gaining more argument among automakers beyond longtime partner GM also explains why it was reported that the provoke hailing company turned down overtures regarding a potential acquisition by the Detroit-based automaker.

Written by Darrell Etherington for TechCrunch.


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