Waymo, a self-driving car company, is set to purchase a maximum of 20,000 electric vehicles of Jaguar as part of the firm’s plans to launch a robotic ride-hailing service.
Waymo is owned by Alphabet, the parent company of Google The said announcement expands on a fleet of self-driving cars that the firm has been building with Fiat Chrysler ever since 2015.
Jaguar Land Rover (JLR) is scheduled to deliver the I-PACE models between the period of 2020 to 2022, with the target of providing a maximum of one million rides per day.
The financial terms of the said deal were not revealed. However, it was disclosed that at a starting price of approximately $70,000 for the Jaguar’s I-PACE, a fleet of 20,000 electric vehicles would be worth around $1.4bn (£990m).
Waymo has been working on self-driving cars ever since 2009. It currently tests the self-driving system of the company on Chrysler Pacific minivans.
The firm is planning to launch a ride service in Phoenix, Arizona, during the coming months prior to rolling it out more widely in the future.
The said partnership with Jaguar will offer it a way to appeal to more upmarket passengers as well as those who would want to avoid diesel or petrol guzzling vehicles.
Dr Ralf Speth, the chief executive of JLR, stated: “In joining forces with Waymo we are pioneering to push the boundaries of technology.”
JLR is based in the United Kingdom. It is owned by Tata Motors of India and it is building the new I-PACE which was launched earlier this month in Austria.
Later this year, it is set to decide whether to build electric vehicles in the United Kingdom, as it anticipates further clarity on Brexit and whether it will be faced with customs checks or tariffs as a result of the departure of Britain from the European Union.
The company sold over 600,000 vehicles last year.