 "A Jaguar Land Rover logo is seen on the building inside the Chery Jaguar Land Rover plant in Changshu")
Tata Motors-owned British luxury automobile maker Jaguar Land Rover (JLR) has invested $25 million (mn) in Lyft, a US ride-hailing company. The idea is a partnership to include the development and testing of autonomous cars.
Lyft is also Uber’s chief US rival. The investment was done through InMotion Ventures, venture capital arm of JLR. The money came from a $600-mn funding round which the ride-hailing entity had closed in April, at a valuation of $7.5 billion.
InMotion has also backed Detroit-based enterprise car-pooling service SPLT, a collaborator with Lyft.
InMotion said its move would help Lyft expand by supplying its
