• Nieuwsbrief

13 06 2017 02

SAN FRANCISCO — How about getting a Lyft in a posh Range Rover?

That could be in the cards soon as the ride-hailing company, which continues to make hay while dark clouds gather over larger rival Uber, announced Monday a $25 million investment from InMotion Ventures, the mobility services business of Jaguar Land Rover.

The cash infusion will go toward continuing Lyft's U.S. expansion — the company added 100 cities in the first quarter, totaling 300 — as well as its efforts to develop self-driving cars. Both Lyft and Uber stand to radically improve their questionable business models if they can provide rides without having to pay human drivers.

The InMotion investment allows for Jaguar Land Rover to leverage Lyft to help develop its own self-driving and mobility services solutions. Lyft drivers also will get access to "a fleet of Jaguar and Land Rover vehicles," according to a statement, although no further details were provided.

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Tags: Mobility

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