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The Volkswagen Group has completed strategic investment of US$300 million in Gett, the on-demand mobility provider, and will see the car maker develop further as a mobility provider. Gett currently has a presence in more than 60 cities around the globe and uses only licensed drivers permitted to carry passengers.
In addition to carrying paying passengers, Gett also covers deliveries and logistics to help businesses. Gett has also been named by Forbes as one of the "top 15 explosively growing companies".
Commenting on the partnership announcement, Matthias Müller, Chairman of the Board of Management of Volkswagen, said: Alongside our pioneering role in the automotive business, we aim to become a world leading mobility provider by 2025." He added: "Within the framework of our future Strategy 2025, the partnership with Gett marks the first milestone for the Volkswagen Group on the road to providing integrated mobility solutions that spotlight our customers and their mobility needs."
Volkswagen follows a number of other car makers that have recently taken action towards gaining a foothold in the mobility market. General Motors has invested US$500 million in Lyft Inc. and will use that to form the basis for its future autonomous car programme. Ford has also announced its intentions to become a mobility company rather than simply a builder of vehicles.