JLR and InMotion invest US$25m in ridesharing platform Lyft

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Jaguar Land Rover’s mobility services business InMotion has invested £19m (US$25m) in US rideshare company Lyft.

This will support Lyft’s expansion and technology plans and will provide JLR’s InMotion Ventures with the opportunity to develop and test its mobility services, including autonomous vehicles. JLR vehicles will also be supplied to Lyft drivers.

“We are excited to collaborate with a leading platform like Lyft not only on developing premium mobility solutions but also devising innovative solutions to the transport problems Jaguar Land Rover’s customers face,” said InMotion MD Sebastian Peck.

“Personal mobility and smart transportation is evolving and this new collaborative venture will provide a real-world platform helping us develop our connected and autonomous services.”

June 16, 2017

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John joined UKi Media & Events in 2012 and has worked across a range of B2B titles within the company's automotive, marine and entertainment divisions. Currently editor of Automotive Testing Technology International, Crash Test Technology International and Electric & Hybrid Marine Technology International, John co-ordinates the day-the-day operations of each magazine, from commissioning and writing to editing and signing-off, as well managing web content. Aside from the magazines, John also serves as co-chairman of the annual Electric & Hybrid Marine Awards and can be found sniffing out stories throughout the halls of several of UKI's industry-leading expo events.

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