Volkswagen has announced further details around its new investment made in the taxi-ordering application Gett, saying both companies will start ride-sharing services in some major German cities next year.
Volkswagen revealed just a week back its interest towards the ride-sharing business by saying it would invest 300 million dollars into the ride hailing company based in Israel, Gett. Following the recent release of the quarterly financial report, Europe’s biggest automaker also announced Gett’s market launch in Germany and other countries across the region as of half of 2017, when the service is expected to make its debut and to be implemented on the roads of major German cities, such as Berlin. Beside the standard package, which implies models from Volkswagen, Skoda and Seat, the automaker said that a special chauffeur service featuring premium brands, such as Audi and Porsche, was also being considered.
Furthermore, this partnership could evolve beyond the ride-sharing idea. Based on Gett’s expertise and its capability to gather data, both “will work closely together to gain an even better understanding of users’ mobility needs in cities” for the ultimate goal of exploring and working together on self-driving technologies.
Gett has been on a very fast development pace lately and it was selected by Forbes as one of the “top 15 explosively growing companies,” as its revenue grew 300 percent in 2015. Volkswagen’s new 300-million-dollar contribution brings total funds raised by Gett to more than 520 million dollars.