Volkswagen Invests $300 Million In Uber Rival Gett To Explore Ride-Sharing

Posted: May 25 2016, 11:13am CDT | by , in News | Cars & Vehicles

Volkswagen Invests $300 Million in Uber Rival Gett to Explore Ride-Sharing
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  • Joint Growth Strategy with an investment of $300 million between Volkswagen Group and Gett

The ride-sharing market is becoming stronger and is growing with the passage of time.

The digitally integrated services have provided new opportunities of investment to the known car companies and to the companies providing a technological platform for developing the mobility business models. It was reported by US media newsroom on 24th May 2016 that Volkswagen, a European company along with Uber rival Gett is ready to facilitate its customers by giving them integrated mobility solutions. A legally independent company like Volkswagen will mark its way to the future with its key partner Gett that is one of the prominent members in the ride sharing market.

"Alongside our pioneering role in the automotive business, we aim to become a world leading mobility provider by 2025," says Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft. "Within the framework of our future Strategy 2025, the partnership with Gett marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs."

Gett is an international company which holds a good repute for its greatly proficient mobility solutions. It is a trustworthy company and almost 4,000 leading companies in the world have their faith in it as it has licensed drivers who are granted a work permit to carry passengers and drive them to their destination with safety.

"The Volkswagen Group and Gett is a great strategic partnership. The pay-per-ride domain is growing rapidly. In that context, Gett provides VW with the technology to expand beyond car ownership to on-demand mobility for consumers and businesses," says Shahar Waiser, Gett's founder and CEO.

Gett has helped VW with its technology to expand the pay-per-day domain rapidly. Gett with its app has the technology to provide its customers with the services that cover inventive delivery and logistics. It is serving as the foundation to different autonomous car corporations all over the world. Gett’s provide the usage of big data, cutting edge predictive algorithms and artificial intelligence. Volkswagen is an addition to this list and will help to strengthen Gett’s position in the market. The result of this joint venture will surely prove to be a success as the former ones have.

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M. Affan covers the hottest news that captivate the web today.




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