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Home / Business / BMW and Daimler invest $ 1 billion in their shared mobility services

BMW and Daimler invest $ 1 billion in their shared mobility services



The five programs to be run by BMV and Daimler AG include Reach Now, Charge Now, Free Now, Park now and now. Now Now is a service that shows users different ways to get there when traveling, including public transport, car sharing and bike rental. Charge Now, an extensive network of charging stations will be created designed to improve access to electric vehicles. A competitor of Uber and Lyft, Free Now, is an equestrian app that already offers services in 1

7 countries across Europe and Latin America. Park Now lets people plan and pay for parking spaces in advance to cut down on time driving around and looking for open spaces. Finally, Share Now offers shared electric vehicles that serve as an alternative to owning a car.

Most of the bets under the BMV and Daimler umbrella are already in some form, and the companies claim they already serve more than 60 million customers. Last year, BMV and Daimler decided to operate mobility services as a 50/50 joint venture to expand their reach and contribute to future-proof business models. Car manufacturers won approval from regulators for the plan in December. The measures should be expanded considerably with the new influx of cash that car manufacturers focus on what future transport can look like.


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