Volkswagen has announced a $300m investment in the Tel Aviv-based ride-sharing app, Gett, reported ft.com. Volkswagen and Gett would form a strategic partnership to share data and work on future projects, it was reported. As part of the deal, Volkswagen would offer on-demand ride services to business customers. At the same time, Gett drivers would be offered discounts on Volkswagen cars to be used as taxis, said ft.com.
On the same day as the Volkswagen announcement (24 May), Toyota announced that it has invested an undisclosed amount in ride-hailing app, Uber. Toyota also committed to new leasing options for Uber drivers, but said that there would be more collaboration going forward, reported theguardian.com.
“Ride-sharing has huge potential in terms of shaping the future of mobility,” theguardian.com quoted senior managing officer of Toyota Motor Corporation, Shigeki Tomoyama, as saying.