Tata’s JLR invests in Uber rival Lyft for driverless cars

InMotion’s investment in Lyft makes India’s Tata Group an indirect shareholder

Company News :Tata Motors-owned British luxury carmakr Jaguar Land Rover (JLR) has invested $25 million in US ride-hailing company Lyft as part of a partnership that includes development and testing of autonomous cars.

The investment in Uber‘s chief rival Lyft was done through InMotion Ventures, the venture capital arm of JLR. This was part of the $600-million funding round the ride-hailing firm closed in April at a valuation of $7.5 billion.

In a statement, InMotion said that the innovation would help Lyft expand by supplying its drivers with fleets of Jaguar and Land Rover cars. However, more importantly, it said that the partnership would be used to further its research and development in mobility services, including autonomous cars.

“Personal mobility and smart transportation is evolving. This new collaborative venture will provide a real-world platform, helping us develop our connected and autonomous services,” VentureBeat quoted Sebastian Peck, Managing Director at InMotion.

In May, Lyft announced its partnership with Google’s self-driving vehicle spinoff, Waymo to work on developing new autonomous car technologies. The company’s focus on autonomous cars comes at a time when its rival Uber is in the midst of a crisis that could see founder Travis Kalanick taking leave, temporarily.

One of Uber’s biggest headaches right now is a lawsuit filed by Waymo, accusing Anthony Levandowski- a former Waymo employee who founded self-driving truck start-up Otto – of stealing its IP(Internet Protocol). Otto was bought out by Uber in August last year and while the company fired Levandowski recently, it is still being investigated for fraud.

Now pay for fuel, LPG at Bharat Petroleum pumps using Ola Money

Driver partners and consumers will be able to pay for their fuel and LPG requirements with Ola Money

Breaking News : Ola Money, the digital payment solution from Ola, will be accepted at Bharat Petroleum Corporation Limited (BPCL) fuel pumps and LPG distributors across the country, the company announced on Monday.

Acceptance of Ola Money in a prominent public utility such as BPCL is another step by Ola towards supporting the government’s vision of a cashless ‘Digital India’, Ola Money Senior Vice-President Pallav Singh said in a statement here.

With the increased recharge limit on wallets from Rs 10,000 to Rs 20,000 until December 30, Ola Money is better positioned to facilitate convenient cashless transactions for citizens and merchants alike, the statement said.

With over 13,000 fuel stations and close to 4,500 LPG outlets, BPCL serves lakhs of people on a daily basis, it added. Read more.

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