Action Alerts PLUS portfolio holding Google (GOOGL) - Get Alphabet Inc. Class A Report -owned self-driving vehicle offshoot Waymo has agreed to terms with Jaguar Land Rover to purchase a fleet of 20,000 Jaguar I-Pace all-electric SUVs.
The vehicles will be modified with radar, LiDar sensors and cameras so that they can operate within Waymo's self-driving fleet. Waymo plans to launch its ride-hailing service later this year.
"Its big, fast-charge battery means it can drive all day, which is perfect for our self-driving service," said John Krafcik, chief executive officer of Waymo.
The company is currently testing the service in different locations around the U.S. using Chrysler Pacifica hybrid minivans. Those vehicles will serve the company's purposes until the first Jaguars are delivered in 2020.
"Our passion for further advancing smart mobility needs expert long-term partners. In joining forces with Waymo we are pioneering to push the boundaries of technology," said Ralf Speth, Jaguar Land Rover chief executive officer.
The deal with Jaguar runs through 2026.