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Daimler Purchases German Ride-Sharing App Flinc

The German auto maker is trying to transition to a mobility service provider

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.

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