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.
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.
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.
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.