CarPooling tops up the tank with $10M investment from Daimler
The Germany-based company is not disclosing the total value of the injection but it is understood to be in the region of $10 million.
The investment will be used for the development and expansion of the company’s product and coverage, but more importantly the partnership will see integration within Daimler’s services.
Business innovation boss at the car manufacturer, Wilfried Steffen, says:
“We view ridesharing as an important element of intelligently networked mobility. Our engagement in Carpooling is a logical step in offering our customers an even wider range for getting from Point A to Point B.”
The injection of capital further validates the growing marketplace after a string of similar companies have secured investment over the course of the past year.
Highlights so far include Israel’s GetTaxi raising another £13 million (bringing its total to £20 million to date), Limos.com bagged $10 million on top of an original $5 million, London’s Hailo raised $17 million for US expansion, Taxi Magic (formerly RideCharge) capturing $8 million, and current tech darling, US firm Uber (formerly Ubercab), swilling in a grand total of $50 million.
Kevin May is editor and a co-founder of Tnooz. He was previously editor of UK-based magazine Travolution for nearly four years and web editor of Media Week UK from 2003 to 2005.
He has also worked in regional newspapers (Essex Enquirer) and started his career in journalism at the Police Gazette at New Scotland Yard in London. He has a degree in criminology and a postgraduate diploma in magazine journalism.