German auto giant Volkswagen has hedged its bets on the power of taxi industry disruptor Gett.
Gett (formerly GetTaxi) recently raised a total of $520m, with Volkswagen pitching in more than half of that figure, sitting at $300m.
The auto maker has glanced a gap in the market between taxi services and the use of personal transport, services like Lyft, Uber and Gett are believed to bridge these distances and as long as there are cars to be sold and serviced, it wants involved.
Gett is Europe’s biggest ride-hailing company and claims to have 100,000 cars across the world.
It comes after General Motors, Read full story ›
Source: The Drum
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