Volkswagen invests $300M in Gett

Source :

  • Volkswagen (OTCPK:VLKAY) and ride hailing firm Gett announce a new strategic partnership. Gett is best known for its presence in Manhattan ($10 Anywhere) and London where its fleet numbers over 10K cars.
  • The deal includes a $300M investment from Volkswagen in the Israeli startup which will be used to fund growth in the U.S. and Europe.
  • Volkswagen has increased its focus on self-driving and mobility technology since the emissions scandal unraveled last year.
  • Earlier today, Toyota and Uber announced a major partnership.