Deals
Jaguar Invests in Lyft, Forming Self-Driving and Car Rental Pact
- Tata Motors subsidiary put $25 million into startup in April
- Parent company is also an investor in ride-hailing rival Uber
Race To Build Self-Driving Cars Accelerates
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Lyft Inc. is expanding its roster of automotive partners as the second-largest U.S. ride-hailing company tries to capitalize on missteps by Uber Technologies Inc.
Jaguar Land Rover said it’s working with Lyft on autonomous-driving technology and will offer vehicles for rent to the San Francisco-based startup’s drivers. The automaker, which is a subsidiary of Tata Motors Ltd., also disclosed an investment of $25 million in Lyft as part of a funding round that closed in April, valuing the business at $7.5 billion.