mumbai tata groupowned jaguar land rover jlr has invested 25 million in usbased taxi hailing app lyft marking the salttosoftware conglomerates second investment in the fast growing rideshare segment the group through tata opportunity fund has an investment in lyfts archrival uber technologies besides these equity interests by the group its chairman emeritus ratan tata has an investment in homegrown taxi app operator ola which is the biggest competitor to uber jlr which was acquired by tata motors in 2008 for 23 billion has routed the investment in lyft through its arm inmotion ventures under the terms of the deal jlr will provide a fleet of vehicles to lyft drivers and will be allowed to test its autonomous cars on the american companys network in india tata motors has an arrangement with uber under which the latters drivers can buy indica and indigo cars at discounted rates as well as avail loans at attractive rates from tata motors finance foreign media reports has pegged the valuation of lyft the no2 player in the us at 75 billion and that of uber which is the leader in that country at 70 billion lyft does not have a presence in india while for uber some reports suggest it is the second largest market after us the tata groups rising bet on smart mobility and technologydriven platforms is to protect its passenger vehicle business from a predicted decline in personal car ownership and staking its future on the emergence of selfdriving cars set up in 2016 inmotion ventures backs innovations that are expected to change the way people travel the venture capital funds investments include splt a carpooling startup targeted at corporate employees and gokid a ridesharing platform focused on schoolchildren among others sebastian peck md of inmotion ventures said that the collaboration with lyft will help in developing innovative solutions to the transport problems jlrs customers face