Automotive

Published on September 6th, 2017 | by Daniel Sherman Fernandez

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Mercedes-Benz Vans invests USD50 million in new joint venture with Via

Mercedes-Benz Vans is entering the ride-sharing sector. To this end, the van division of Daimler AG is setting up a joint venture with the US startup company Via. Daimler Mobility Services additionally joins in as a strategic investor in Via. The corresponding declarations were signed today in Stuttgart.

Unlike other ride-hailing companies, Via has focused on developing, from the ground up, a scalable and on-demand shared ride solution. The intelligent Via algorithm supports smart public transport, enabling a dynamic mass transit system that reduces traffic volume in urban areas. The fusion of Via’s technology with the engineering of Mercedes-Benz Vans creates the perfect match for efficient, affordable and sustainable ride-sharing. As part of the cooperation, Mercedes-Benz Vans is investing 50 million US dollars in the new joint venture. For Daimler Mobility Services, Volker Mornhinweg will be joining Via’s board of directors.

Headquartered in New York, Via’s successful shared ride service in New York, Chicago, and Washington D.C. provides over 1 million rides per month, and its revolutionary technology is licensed by partners around the world.


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