The BMW Group (BMWYY) and Daimler AG (DDAIF) are pooling their mobility services to create a new global player providing sustainable urban mobility for customers. The two companies are investing more than EURO$1 billion in total to develop and more closely intermesh their offerings for car-sharing, ride-hailing, parking, charging and multimodal transport. The cooperation comprises five joint ventures: REACH NOW for multimodal services, CHARGE NOW for charging, FREE NOW for taxi ride-hailing, PARK NOW for parking and SHARE NOW for car-sharing. "REACH NOW offers more than 6.7 million users simple, direct access to a range of mobility services through a single multimodal platform. CHARGE NOW is a service by Digital Charging Solutions GmbH, and its comprehensive charging network is a key contributor to zero-emissions driving. PARK NOW makes parking easier, on-street or off. The innovative digital parking service offers users the best possible parking solutions at a glance, allows them to reserve parking slots and manage their parking times, and enables ticketless entry and exit in public garages as well as cashless payment of parking fees. FREE NOW offers a variety of mobility services including taxis, private chauffeurs with rental vehicles, and state-of-the-art e-scooters, all at the tap of a finger. SHARE NOW is a free-floating car-sharing service that allows customers to rent and pay for vehicles by smartphone - anytime, anywhere. With their joint mobility services, the BMW Group and Daimler AG are responding to mobility needs of today and the future with a focus on cities. Digitalization is a key enabler as it creates new opportunities for individual mobility. Over time, customers will be able to use and experience additional mobility options from all-electric autonomous fleets that are available on demand, charge and park themselves, and connect with other modes of transport beyond road and rail."
