Jaguar Land Rover has become the current carmaker to announce collaboration with a major ride-sharing company, revealing a £19 million investment in us backed ride-hailing app Lyft.
The investment has been made in the name of InMotion – Jaguar Land Rover’s own in-house mobility company. The venture was launched last year, tasked with exploring how JLR can react to the new car-sharing and ride-hailing schemes, which could come to define urban motoring in the years to come.
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According to JLR, the deal will supply InMotion with new opportunities to develop and test various new mobility services, including autonomous driving technology.
InMotion’s managing director Sebastian Peck said: “This new collaborative venture will supply a real-world platform helping us develop our connected and autonomous services.”
Meanwhile for Lyft, the investment supports its current expansion and development plans, and JLR will supply the firm with Jaguar and Land Rover automobiles for use in Lyft’s existing fleet.
JLR’s step tallies with similar investments lodged by other carmakers, also hungry to use ride-hailing companies to test out new technology and plan for the future. Toyota, Volvo and Mercedes-Benz have all struck deals with Lyft’s main rival Uber, while general Motors sunk £378m into Lyft early in 2016.
The Volkswagen group – now the world’s greatest carmaker – invested £241m into Gett in 2016.
It’s not just standard automobile makers making these investments, though. technology gigantic Apple, which is developing self-driving software, signed a $1 billion (£690m) deal with China’s Didi Chuxing last May.
Should a lot more carmakers get involved with ride-sharing companies? let us know your thoughts in the comments…