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BMW invests in carpooling app called Scoop

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...

Updated Date: May 26, 2016 18:55 PM

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