Automakers Rev Up Venture Capital Engine With 38 Investments in 2017
PYMNTS
JANUARY 19, 2018
In 2017, there were 38 disclosed venture and seed rounds by automakers , up from 26 in 2016 — and astronomically higher than only six in 2015. In the rideshare arena, InMotion , Jaguar Land Rover’s venture capital arm, invested $25 million in a $600 million funding round for Lyft in 2017. Ridesharing. Car Financing.
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