Wednesday 14 June 2017

Lyft gets $25 million investment from Jaguar Land Rover



Lyft Inc, a ride-sharing company that rivals Uber, has signed an agreement with Jaguar Land Rover that will see the latter invest $25 million in the company.


According to the agreement, both companies will collaborate on self-driving cars, and a number of Lyft drivers will be supplied with Jaguar or Land Rover vehicles, mainly for testing purposes.

Lyft, in 2016 landed a $500 million investment from General Motors, making Jaguar Land Rover the second massive investor in the company.

President of Lyft, John Zimmer in a joint statement said: “Lyft envisions a future where shared mobility will transform cities and improve people’s lives. This partnership will help us achieve that ambitious goal.

Uber has been experiencing lots of issues within its company lately, and this new deal might just prove to be the game-changer for Lyft.

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