Jaguar invests in Lyft, will offer vehicles for rent


SAN FRANCISCO: Lyft Inc is expanding its roster of automotive partners as the second-largest US ride-hailing company tries to capitalise 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 US$25mil in Lyft as part of a funding round that closed in April, valuing the business at US$7.5bil.

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