Volkswagen Invests $300 Million Into European Uber Competitor Gett

Volkswagen is the newest automaker giant to join ride-hailing.

The company stated on Tuesday that it has actually invested $300 million in Israeli start-up Gett, a service similar to Uber, Lyft, and Didi Chuxing that runs in 60 cities worldwide. However unlike its competitors, Gett’s motorists shuttle travelers in taxis and black cars.

But it could unlock to Volkswagen and Gett eventually interacting on car-sharing or offering services to businesses, though Gett decreased to add more details. However it did state that self-driving automobiles are not currently in the plans.

“On-demand ride booking is proliferating,” Gett co-founder and CEO Shahar Waiser said in a declaration. “In that context, Gett offers the Volkswagen Group with the technology to broaden beyond car ownership to on-demand movement for customers.”

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