BMW invests in carpooling app called Scoop
The app could expand into the on-demand ride-sharing side of things
BMW’s investment arm, i Ventures, has invested an undisclosed amount into Scoop Technologies, which is responsible for the carpooling mobile application Scoop. The move of large car manufacturers investing in ride-sharing/ride-hailing services isn’t something unheard of. Toyota recently invested an undisclosed amount into taxi-hailing app Uber, while Volkswagen has invested $300 million (Rs 2,000 crore) into Gett, a smaller car-hailing company. Other manufacturers like General Motors, Ford and Daimler have also taken similar steps in the...
A flurry of deals between big automakers and ride hailing and transportation startups is rewriting the playbook in the contest to control the future of personal transportation.
Uber and Ola drivers asked to approach Labour Court to get their issues addressed: Transport minister
"It doesn't come under our purview...government doesn't have anything to do with the contract signed between the Ola, Uber, cab drivers and owners," Transport Minister Ramalinga Reddy told reporters in Bengaluru.
With this partnership, Mahindra is targeting vehicle sales and financing worth over Rs 2,600 crore