June 25, 2017

VW makes move into mobility industry, acquires Split rideshare company

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By Ralf Roletschek (talk) - Fahrradtechnik auf fahrradmonteur.de - Wissensmanagement mit Wikis (Own work) [FAL or GFDL 1.2], via Wikimedia Commons

VW has acquired small US/Finish rideshare company Split for an undisclosed amount as it takes aim at the ridesharing industry. Split had raised $12.5M from investors to date but suspended transportation operations last October. The central focus of the acquisition lies in Split’s software development team, which is based in Finland. Before shutting down its rideshare operations last fall, Split had active service in both the Washington D.C. area and Helsinki, Finland.

Split has announced that it will be working with VW’s new Berlin-based mobility division, MOIA, while its software development team will remain in Finland. “From now on, Finland will be our expert hub and development location for the pooling algorithms behind MOIA’s shuttle-on-demand.” MOIA’s CEO said  […]

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