Ride-hailing company Lyft has raised $25 million from Jaguar Land Rover. The company will use the funds to expand business and develop technologies for self-driving cars. As part of the investment, a fleet of its vehicles including Jaguar and lLandRover will be supplied to Lyft. The investment was made through Britain carmaker’s mobility services business InMotion Ventures. Tata Motors and cab hailing space: Jaguar is owned by Tata Motors. Note that in August 2015 Tata Group’s equity firm Tata Opportunities Fund had invested in $100 million in Uber for expansion in India. Also Ratan Tata, chairman emeritus of Tata Sons, invested an undisclosed amount in rival service Ola in his personal capacity in July 2015. In July last year, Tata Group companies Tata Capital Financial services, Tata AIG, Tata Motors Finance and Tata Business Support services partnered with Uber to provide flexible loans and insurances to Uber drivers. Previous Funding and partnership In January last year, Lyft secured its biggest funding round of $1 billion led by General Motors at a $5.5 billion valuation. It has raised more than $2 billion from multiple rounds of funding from prominent investors like Rakuten, Alibaba, AFSquare among others. Apart from this, it raised funds from China’s cab hailing startup Didi Kuaidi in December 2015, which put $100 million in the company, primarily to expand services. In the same month, Lyft, Ola from India, Didi Kuaidi from China, and GrabTaxi from Singapore joined hands in a strategic alliance to roll out product and…
