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You are here: Home / News / BMW Group and Daimler AG Invest Over $1 Billion in Joint Mobility Company

BMW Group and Daimler AG Invest Over $1 Billion in Joint Mobility Company

February 25, 2019 By CollisionWeek Editor

The BMW Group and Daimler AG are pooling their mobility services to create a new global player providing sustainable urban mobility for customers. The two companies are investing more than €1 billion ($1.13 billion) in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport. The cooperation comprises five joint ventures: REACH NOW for multimodal services, CHARGE NOW for charging, FREE NOW for taxi ride-hailing, PARK NOW for parking and SHARE NOW for car-sharing.

BMW Daimler InvestREACH NOW currently operates in Seattle, Wash. and Portland, Ore.

 “Our mobility services have developed a strong customer base

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Filed Under: News Tagged With: Agreements Signed, BMW, Daimler, Ride-Hailing

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