Jaguar Land Rover unit invests $25 million in Lyft to help develop self-driving cars


Britain’s greatest carmaker Jaguar Land Rover said its mobility services business, InMotion Ventures,would put $25 million in U.S. ride services organization Lyft Incto help develop and test technology for self-driving cars.

The auto industry and technology organizations are racing to develop self-driving technology, which in the years to come is expected to change transportation by cutting costs of ride services and changing the way individuals purchase and use cars.

InMotion will likewise supply Lyft with a fleet of Jaguar and Land Rover vehicles, the automaker said on Monday. InMotion’s investment follows its recent seed interest in SPLT, the Detroit-based digital carpool business, which works with Lyft to give non-emergency medical transport.