Daimler AG (DDAIY) has bought German ride-sharing app flinc GmbH, it said Thursday, as the German auto maker tries to transition to a mobility service provider.
Daimler shares were up 0.67% in the first hour of trading Thursday, to change hands at €67.20, extending a three-month gain of 3.25%.
Flinc, which was founded in 2010, is a community-based application that enables its users to share rides with other users in real time. The platform is the leading provider of door-to-door ride sharing for short and medium-haul routes, Daimler said.
In 2011, it launched a short-distance carpooling platform, which now has more than half a million customers. Flinc is integrated into carsharing platforms, local public transport apps and app-based navigation systems, Daimler said.
"Transport options are just as varied as the mobility demands of our customers," Daimler Head of Mobility Services Jorg Lamparter said in a statement. "Whether flexible carsharing, ride-hailing or door-to-door ridesharing, with our mobility services, we are able to provide the ideal solution."
Daimler is attempting to transition from being an automobile manufacturer to a mobility services provider. Daimler Mobility Services includes various mobility services, such as carsharing company car2go, moovel and taxi hailing service mytaxi. Daimler is involved in the Blacklane, Careem, FlixBus, Turo and Via companies. A total of 15 million customers are registered with the various Daimler mobility services in over 100 cities in Europe, North America and China.
The terms of the flinc deal were not disclosed and the company will continue to operate independently.