InMotion, Jaguar Land Rover’s mobility services business, has announced a $25 million investment in rideshare company Lyft.
This investment will support Lyft’s expansion and technology plans, and will provide Jaguar the opportunity to develop and test its mobility services, including autonomous vehicles, said the automaker in a statement. The company will also supply Lyft drivers with a fleet of Jaguar and Land Rover vehicles.
InMotion’s investment follows its recent seed investment in SPLT, the Detroit-based digital carpool business, which works with Lyft to provide non-emergency medical transport.
The Lyft investment was included as part of the company’s most recent round of fundraising, which closed in April.
[Image courtesy: Jaguar]