July 25, 2017

D.C.-based Split acquired by Volkswagen-affiliated mobility group

VW Jetta
© M 93 / Wikimedia Commons, via Wikimedia Commons

D.C.-based Split, co-founded by Ario Keshani, had about 100 drivers and had given tens of thousands of rides when it shut down in October, the company said. The app was popular for its $3 fares and commitment to compensate drivers fairly.

Now MOIA, an urban mobility-focused company under the Volkswagen umbrella, will secure the remnants of the app and roughly a dozen of its Europe-based employees, mostly engineers in Finland, where Split’s software team was located.

Split had accumulated about $12.5 million in capital when it disbanded last fall, Keshani said. At that point, the company shifted to a software-focused venture in Finland, which Volkswagen will now acquire.

Volkswagen and Split were finalizing the deal, believed to be in the millions, this week. It was unknown if  […]

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The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

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