BP invests in city transportation app Whim

LONDON (Reuters) - BP is investing 10 million euros in Finnish transportation app Whim as the oil and gas company seeks to expand its role in a future low-carbon world.

Reuters November 07, 2019 06:06:31 IST
BP invests in city transportation app Whim

BP invests in city transportation app Whim

LONDON (Reuters) - BP is investing 10 million euros in Finnish transportation app Whim as the oil and gas company seeks to expand its role in a future low-carbon world.

BP's new technology investments have so far focused on electric vehicle charging platforms such as FreeWire and PowerShare and reduction of emissions from oil and gas drilling.

Although the Whim investment is minuscule for the $135.20 billion company, it is a first step into ride sharing and app-driven technology.

Whim, which is developed by MaaS Global, offers customers a single platform to connect all available transport options in a city from taxis, buses, bikes and rental cars to ride-hailing services and shared e-scooters and e-bikes.

After launching Whim in Helsinki in 2017, MaaS Global has made the service available in Birmingham, Vienna and Antwerp.

BP's investment will support plans to roll out the app in additional cities around the world, including Singapore and in the United States.

(Reporting by Ron Bousso; Editing by Kirsten Donovan)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Oil rises 2% as OPEC complies with production cuts
Business

Oil rises 2% as OPEC complies with production cuts

By Jessica Resnick-Ault NEW YORK (Reuters) - Oil prices strengthened on Wednesday, as OPEC and its allies were seen complying with a pact to cut oil supply in September, even as concerns loomed that recovery in fuel demand will be stalled by soaring global coronavirus cases. Early in the day crude was boosted by a bullish stock market. Even as equities whipsawed on pandemic worries, oil stayed higher, buoyed by expectations that OPEC could staunch a supply glut

Tesla's back-to-back price cuts bring sticker on U.S. Model S below $70,000
Business

Tesla's back-to-back price cuts bring sticker on U.S. Model S below $70,000

By Tina Bellon and C Nivedita (Reuters) - Tesla Inc will further cut the price of its Model S "Long Range" sedan in the United States to $69,420, the electric carmaker's chief executive, Elon Musk, announced in a tweet https://bit.ly/2H0JCP0 on Wednesday. The anticipated drop marks the second time this week Tesla has cut the price for the high-end sedan, following a 4% cut of the Model S's price in the United States on Tuesday to $71,990.

Trump cites teenaged son's bout with coronavirus in calling for schools to reopen
World

Trump cites teenaged son's bout with coronavirus in calling for schools to reopen

By Jeff Mason DES MOINES, Iowa (Reuters) - Under siege over his handling of the novel coronavirus pandemic, President Donald Trump on Wednesday cited what he said was his son's mild bout of the virus as a reason why American schools should reopen as soon as possible. Trump made the comment about his son, Barron, as the president swept into Iowa on a mission to shore up support in battleground states that he won in 2016 but is in danger of losing to Democrat Joe Biden barely three weeks before the election. First lady Melania Trump announced in a statement earlier in the day that the virus that struck both her and her husband had also infected their 14-year-old son