InMo­tion ties up with Lyft

The Star Early Edition - - INTERNATIONAL -

BRI­TAIN’S big­gest car maker Jaguar Land-Rover said its mo­bil­ity ser­vices busi­ness, InMo­tion Ven­tures, would in­vest $25 mil­lion (R322.72m) in US ride ser­vices com­pany Lyft to help de­velop and test tech­nol­ogy for self-driv­ing cars. The car in­dus­try and tech­nol­ogy com­pa­nies are rac­ing to de­velop self-driv­ing tech­nol­ogy, which in the years to come is ex­pected to trans­form trans­porta­tion by cut­ting costs of ride ser­vices and chang­ing the way peo­ple buy and use cars. InMo­tion will also sup­ply Lyft with a fleet of Jaguar and LandRover ve­hi­cles, the car maker said yes­ter­day. InMo­tion’s in­vest­ment fol­lows its re­cent seed in­vest­ment in SPLT, the Detroit-based dig­i­tal car­pool busi­ness, which works with Lyft.

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