Economy & Politics

Daimler and BMW give part to the rail subsidiary Mobimeo

Moovel was originally created at Daimler. Photo: dpa / Marijan Murat

Daimler and BMW announced on Thursday that a division of the joint company Moovel was going to the rail subsidiary Mobimeo.

Stuttgart / Berlin – Daimler and BMW, with their joint company Moovel, will in future be concentrating on the direct mobility services business with the “Reach Now” app. The entire business area, which develops platforms for other providers such as municipalities or transport associations, goes to the rail subsidiary Mobimeo, as both companies announced on Thursday. The Moovel business will be integrated there, while Daimler and BMW will take over a minority stake in Mobimeo, it said. No information was given on the financial details of the transaction.

Moovel was originally created at Daimler and is now part of the mobility joint venture “Your Now”, in which Daimler and BMW have merged various activities, including from the areas of car sharing, parking and charging.

According to the announcement, 75 employees will switch from Moovel to Mobimeo with the transition. Both companies are based in Berlin. Mobimeo will in future be managed by the previous Moovel boss, John David von Oertzen.


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