Car2go Acquires Ground Transportation Aggregator RideScout

September 3, 2014

11:22 am

This morning, it was announced that the ground transportation aggregation service, RideScout, has been acquired by car2go, a service that offers a carsharing network of eco-friendly smart vehicles in cities around the world. The announcement was made this morning by car2go’s parent company, moovel, which is also a unit of the larger Daimler AG, the Germany-based producer of Mercedes-Benz vehicles. In addition to the RideScout acquisition, moovel announced that it finalized the acquisition deal for the app-based taxi booking service mytaxi (Intelligent Apps). According to a report by The Wall Street Journal, the acquisitions are less than $100 million.

“We are very pleased to welcome RideScout and mytaxi as new members of the moovel family”, said moovel CEO Robert Henrich in a statement. “The acquisition of RideScout and Intelligent Apps pushes our global strategy a significant step forward. We are investing further in the development and growth of urban mobility in North America, Germany and other parts of the world. Our mutual objectives are the expansion of our leadership role on the international market and to continue our pioneering efforts to radically simplify the future of mobility.”

We’ve been keeping an eye out on RideScout since its launch in DC last November, and the company’s rapid growth and success isn’t surprising considering the amount of demand there is in the marketplace for alternate forms of transportation. The company’s free mobile app gives users aggregate real-time data on all available forms of ground transportation – public, private, and social – and gives them the ability to sort through their options by travel time or cost. In June of this year, the company announced a massive expansion of services to a total of 69 cities, which is indicative of the demand for the service (and further success under this acquisition).

“Robert Henrich and I share a vision for a better future in mobility for all – one where people travel from place to place seamlessly, rethinking the definition of car ownership. I am thrilled that RideScout is working with car2go to expand this vision,” said Joseph Kopser, Co-Founder and CEO of RideScout. “Our partnership enables us to build a better product for our users and our customers, helping people make better transportation decisions in an emerging transportation marketplace and improving quality of life for all.”

In a blog post published this morning, it seems that more focus will be revert back to Austin, Texas, where RideScout was first founded (for a while, the company has been headquartered in DC’s 1776).

 

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.

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