The equally-owned joint ventures will comprise the following activities and services:
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 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.
COMPETITION AUTHORITIES APPROVE MERGER OF SERVICE OFFERINGS.
With their new joint mobility company, the BMW Group and Daimler AG are creating a new offering that is easy to access, intuitive and focused on the needs of the user. On their urban journey, customers will move through a seamlessly connected ecosystem that combines carsharing, ride-hailing, parking, charging and multimodality from a single source and is available with just a few taps. The idea is to create the most attractive, most comprehensive mobility solution for a better life in our connected world.