Jaguar Land Rover invests in ride-sharing

Jaguar Land Rover’s VC company is investing in SPLT — Afp-Relaxnews picJaguar Land Rover’s VC company is investing in SPLT — Afp-Relaxnews picLONDON, Feb 25 — British-based executive car and luxury SUV firm has taken a stake in SPLT, a ride-sharing service focused on businesses.

SPLT’s service is simple but effective, it enables people at large corporations to car pool -- whether it’s offering someone else a lift or finding someone who travels in the same direction who has a spare seat in their car. And because the whole thing is powered by an algorithm, finding a potential match takes seconds.

The company launched in the US in 2015 and already boasts 100,000 users and is now looking to central America and Europe as places for expansion.

“SPLT is a perfect fit for our portfolio, and a hugely exciting business that tackles a universal problem. Making the commute more efficient greatly benefits businesses and their employees,” said Sebastian Peck, Managing Director at InMotion Ventures, Jaguar Land Rover’s venture capital business. — Afp-Relaxnews