Info
Info

World’s first Mobility-as-a-Service operator MaaS Global Completes €29.5M Funding Round

News

MaaS Global’s new investors include BP Ventures, Mitsui Fudosan, Mitsubishi Corporation and Nordic Ninja, raising the company’s total funding to €53.7M.

Info

The World's first Mobility-as-a-Service (MaaS) operator MaaS Global, known for its mobility application Whim, announced today that its most recent investment round is worth €29.5M ($32.7M), bringing the company's total investments to €53.7M ($59.5). The new investors consist of BP Ventures, Mitsui Fudosan, Mitsubishi Corporation and Nordic Ninja. The earlier investors have also participated in the new investment round.

“We are thrilled to have acquired further expertise on board. With this large-scale experience and vision, we have all it takes to conquer the world by storm,” says Sampo Hietanen, CEO and founder of MaaS Global. “The new investments will help us continue scaling the business to new continents.”

With over six million trips made since its launch in Europe in November 2017, Whim is the first all-inclusive MaaS solution commercially available on the market. The mobile app enables route-planning, booking, ticketing and payment options combining various methods of transportation, such as railways, buses, taxis and rental cars.

Helsinki-based MaaS Global plans to expand Whim's reach to a number of new markets including European cities, Japan, Singapore and North America in 2020.

The new investors were attracted by both the existing service and its global growth potential. The MaaS industry is forecast to grow to a revenue of approximately $500 billion by 2030.

“The MaaS Global team is at the forefront of a tech-enabled mobility evolution - from having to own a vehicle to being able to easily connect and use all available forms of transport. Our collaboration is a great example of BP's vision for the future of transportation, mobility and integrated cities,” says Roy Williamson, vice president of Advanced Mobility at BP.

“We are excited to be on this journey with MaaS Global to change the world of transport towards a digital and sustainable future. The MaaS market is expected to grow rapidly as both consumers and cities are searching for smart solutions to ease everyday life and reduce pollution,” says Kyoya Kondo, General Manager for investment, business creation and digital strategy in the Automotive and Mobility Group, Mitsubishi Corporation.


The Latest News, Brought To You By
World’s first Mobility-as-a-Service operator MaaS Global Completes €29.5M Funding Round
Modified on Thursday 7th November 2019
Find all articles related to:
World’s first Mobility-as-a-Service operator MaaS Global Completes €29.5M Funding Round
TaaS Technology Magazine
Info
Volvo Buses Demonstrates Electric Autonomous Solution For Bus Depot
Tesla’s Gigafactory In Germany To Create As Many As 10,000 Jobs
Curiosity Lab And TUSA Partner To Foster Smart City And Intelligent Mobility Technology Innovation
Xpeng Motors Announces $400 Million Series C Capital Funding
Tesla To Build Its European Gigafactory Near Berlin
LeddarTech Gets Recognised As A CES 2020 Innovation Award Honouree For The Leddar Pixell
Hyundai Teases Plug-in Hybrid Electric SUV Concept Ahead Of 2019 AutoMobility LA
Volkswagen And BASF Honour Battery Researcher Dr. Kimberly See
Rampini And Caetanobus Reach Commercial Agreement
Evergrande To Invest Around $6.3 Billion To Promote NEV Development
CBRE And SemaConnect Complete Largest EV Charging Installation In The US
Morris Commercial Unveils Its All-new, All-electric Morris JE Van
Reservations Open For All-new Peugeot E-2008 SUV
BYD Receives Largest Battery-Electric Bus Order In US History
Eberspaecher Cooperates With Startup Autobahn
ZF And Danfoss Seal Strategic Partnership
Lucid Air Beta Prototype Body-Structure Constructed In-house At The Company’s Global Headquarters
Tata Power-DDL Collaborates With Zoomcar To Run EV Fleet
DRiV Expands Ride Performance Presence On New Polestar 2 Electric Performance Fastback
UCLA Health Center Receives All-electric Winnebago As A Zero-emission Mobile Surgical Instrument Lab
Volkswagen Breaks Ground On Expansion For EV Production In US
Dresden-based KaSiLi To Make Better Batteries For EVs In Germany
ETAS And BlackBerry QNX Announce Cooperation For Software Platform Based On AUTOSAR Adaptive
Eurovia And Academy Of Robotics Agree Partner To Accelerate Autonomous Vehicle Development With “Kar-go”
Info
Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the TaaS Magazine, the TaaS Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification}