9/4/2019

Mitsubishi Invests in Mobility Service Startup

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Mitsubishi Corp. has made an unspecified investment in MaaS Global Ltd., a Helsinki, Finland-based startup that specializes in mobility-as-a-service systems.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Mitsubishi Corp. has made an unspecified investment in MaaS Global Ltd., a Helsinki, Finland-based startup that specializes in mobility-as-a-service systems.

 

Formed in 2015, MaaS raised 24 million ($26 million) in previous funding rounds. Toyota Financial Services is listed as one of its investors.

MaaS Global’s Whim smartphone app allows users to search, book, coordinate and pay for multiple types of transportation from a single application. Options can include buses, trains, traditional taxis, rentals and car- and bike-sharing.

More than 100,000 people have downloaded Whim in Finland since the app debuted there in 2017. Users can choose from a variety of monthly subscription plans that range from 10 to €500, depending on the type and frequency of transportation options.

The startup recently expanded service to Belgium and England. Locations in Italy, Japan and Singapore are to be added this year, followed by a North American rollout in 2020. Mitsubishi aims to help MaaS expand throughout Asia.

RELATED CONTENT

  • Report: Car-Sharing Will Drive Up EV Mileage

    Electric vehicles will account for more than 20% of vehicle miles driven worldwide by 2030 compared with less than 1% today, predicts a report by London-based ABI Research.

  • Professor Sues Lyft Over Ride-Share Concept

    Ride-hailing service Lyft Inc. has been sued by a former Georgia Institute of Technology engineering professor for infringing upon his patented ride-sharing platform.

  • BMW and Daimler: Almost Unimaginable

    While we are probably not at the edge of the Apocalypse, the joint announcement coming from BMW Group and Daimler AG today is something that most people probably didn’t expect and might have seemed Apocalyptic not all that long ago.