Ridesharing Galore: Here Come the Car OEMs

by Dominique Bonte | 2Q 2016 | IN-4107

In the past days, weeks, and months, nothing less than an explosion in the number of ridesharing announcements from car OEMs could be observed: • BMW & Scoop – BMW iVentures venture capital arm announced an investment of an undisclosed amount in California-based carpooling service Scoop Technologies. • Volkswagen & Gett – VW investing US$300 million in Israel-based, low-cost ridesharing player Gett, which is active in more than 60 cities worldwide, including London, Moscow, and New York. • Toyota & Uber – Mainly a strategic partnership with a MoU to explore cooperation, but Toyota also announced an undisclosed investment from Toyota Financial Services Corporation and Mirai Creation Investment Limited Partnership. • Apple & Didu Chuxing – Car OEM in the making? Apple splashing out US$1Billion on Uber rival Didi-Chuxing (which itself took a stake in Lyft earlier this year). • GM & Lyft – GM invested US$500 million in Lyft earlier this year, followed by an announcement to launch autonomous Chevy Bolt taxis based on technology from GM-owned Cruise Automation. • nuTonomy & Ford – Driverless car-sharing company nuTonomy raising US$16 million through Ford chairman Bill Ford.

You must be a subscriber to view this Insight.

To find out more about subscribing:
Contact a representative about purchasing options.