German automotive concern Volkswagen has invested $300 million in the online service taxi Gettaxi, the Financial Times reports.
As part of the deal and Gett VW plan to develop a “strategic partnership”. In particular, it is assumed that the second customer will be offered “better conditions for vehicles of the Volkswagen brand”.
VW investment “more than double the size of the funding” Gett made and shortly after General Motors invested $500 million in mobile service for taxi Lyft, said the FT.
According to Business Insider, investment in VW Gett done in the framework “attempts to go beyond the big corporate crisis due to emissions of harmful substances and start a new division focused on new technology”. The Gettaxi founder Shahar waiser, in turn, explained the deal that it will allow its service “to accelerate expansion in Europe and to strengthen its positions in new York”.
Gett — the largest online taxi service in Europe with headquarters in tel Aviv. It has 100 thousand vehicles worldwide, 11 million of them in London. In February, Gett announced the launch of courier service in Moscow.
Last fall, around the diesel Volkswagen cars scandal. Then the Agency for environmental protection, the U.S. said that the automaker installed on vehicles software, which allowed to reduce the emissions of harmful substances.