Jaguar Land Rover invests in tech
Written by Mark Evans
InMotion Ventures, Jaguar Land Rover’s venture capital arm, has completed investments in 11 companies during 2017 as it seeks new business models and technologies to reach beyond its existing product range.
Ranging from investment in well-known companies such as Lyft to seed funding for a number of early-stage companies, the focus has been on transport, but overall investment has also been given to technology start-ups across sectors including data analytics, travel and lifestyle, fintech and insurtech.
Lyft – the fastest growing ride-sharing platform in the US, which has tripled its revenues in 2017 and launched its services in Canada
By Miles – providing dynamically priced insurance policies for low mileage drivers based in the UK, using telematics data
Cove – provides dynamic car-pooling services for residential developments and hotels in Hong Kong
Dovu – uses blockchain technology to give individuals control over their personal travel data so they can earn rewards and cash incentives for sharing it
Go Kid – innovative car-pooling app for parents
Sheprd – a leading provider of on-demand mobility solutions for children and parents, operating their own fleet of smart school buses with approved drivers
Splt – provides impactful solutions for employers who want to encourage employee car-pooling to meet sustainability targets
Synaptiv – collects and processes vehicle data to support decision-making and provide analytical insight to OEMs and third parties
Validated – enables retailers to reward loyal customers by reimbursing parking and transport costs
Wluper – artificial intelligence-powered personal travel assistant, breaking new ground in voice recognition
Zeelo – demand-responsive coach travel which eases travel between cities and to events