Pursuits
Daimler Acquires 15% of MyTaxi App for Clicking to Hail a Cab
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Daimler AG, Germany’s third-largest carmaker, bought a 15 percent stake in MyTaxi, a provider of an application that allows people to order a taxi with a click on an iPhone or Android device.
Daimler’s Car2go unit and Xing AG founder Lars Hinrichs, together with previous MyTaxi stakeholders Deutsche Telekom AG’s T-Venture division and Germany’s KfW Group, invested a combined 10 million euros ($13 million), Sven Kuelper, chief executive officer and MyTaxi founder, said in an interview.