July 21, 2017

Lyft Raises $25 Million From Jaguar Land Rover for Self-Driving Cars



lyft amp in windshield
Image Courtesy of Lyft

Lyft is on a partnership binge.

This morning, InMotion , a venture capital fund backed by Jaguar Land Rover, announced a $25 million investment in the ride-hailing company. The funding was included in Lyft’s $600 million Series G round in April.

As part of the deal, Jaguar Land Rover will supply Lyft with a fleet of Jaguar and Land Rover vehicles, while the U.K.-based automotive company develops and tests self-driving cars.

Lyft’s self-driving technology efforts are accelerating aggressively as the company doubles down on forging partnerships with industry leaders.

A week ago, Lyft announced it was teaming up with Cambridge, Mass.-based self-driving car startup nuTonomy . The two companies plan to incorporate autonomous vehicles into Lyft’s network through a limited pilot program in which users will be able to hail a self-driving car from the app “in the coming months.”

Lyft has similar deals with Alphabet’s self-driving unit Waymo, as well as GM , the auto giant which bought self-driving startup Cruise Automation for more than $1 billion.During a press call last week, Lyft CEO Logan Green said the company’s existing partnerships are non-exclusive. As it stands, Lyft is taking a collaborative approach while Uber is taking a proprietary one. While Uber employs teams […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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