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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
TechLyft

Lyft Raises $25 Million From Jaguar Land Rover for Self-Driving Cars

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Polina Marinova
Polina Marinova
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Polina Marinova
Polina Marinova
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June 12, 2017, 7:12 AM ET
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Lyft is on a partnership binge.

This morning, InMotion, a venture capital fund backed by Jaguar Land Rover, announced a $25 million investment in the ride-hailing company. The funding was included in Lyft’s $600 million Series G round in April.

As part of the deal, Jaguar Land Rover will supply Lyft with a fleet of Jaguar and Land Rover vehicles, while the U.K.-based automotive company develops and tests self-driving cars.

Lyft’s self-driving technology efforts are accelerating aggressively as the company doubles down on forging partnerships with industry leaders.

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A week ago, Lyft announced it was teaming up with Cambridge, Mass.-based self-driving car startup nuTonomy. The two companies plan to incorporate autonomous vehicles into Lyft’s network through a limited pilot program in which users will be able to hail a self-driving car from the app “in the coming months.”

Lyft has similar deals with Alphabet’s self-driving unit Waymo, as well as GM, the auto giant which bought self-driving startup Cruise Automation for more than $1 billion.

During a press call last week, Lyft CEO Logan Green said the company’s existing partnerships are non-exclusive. As it stands, Lyft is taking a collaborative approach while Uber is taking a proprietary one. While Uber employs teams of engineers to work on developing its own self-driving technology, Lyft is focused on building a dense, diverse network of partnerships instead.

Although it’s unclear how Lyft will work with its various partners to implement self-driving technology into its network, these collaborations will help better position the ride-hailing company to take on the market’s 800-pound gorilla.

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