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Sixt doubles annual profits in Germany
Sixt Doubles Annual Profits In Germany

Sixt doubles annual profits in Germany

Car rental company Sixt announced that it has more than doubled its annual profits in 2018, reaching €439m on sales of €2.9bn. The company says it is the fifth record year in a row. The growth of profits was stimulated by high demand for rental cars and sale of Sixt’s stake in DriveNow, now part of BWM-Daimler joint company. 50% stake in car sharing service was sold to BMW for €209m at the beginning of the year.

However, Sixt hasn’t exited car sharing market and just last month launched an app-based mobility platform ONE for its existing customers.

Yandex partners with Hyundai on self-driving cars

Russian search engine company Yandex has partnered with Hyundai to develop hardware and software for its autonomous cars. It is Yandex’s first partnership with an automaker.

The company’s partnership deal is specifically with Hyundai Mobis, the carmaker’s OEM parts and service division. The plan is “to create a self-driving platform that can be used by any car manufacturer or taxi fleet”.

Hyundai has been gearing up for partnerships across the board, along with Yandex partnership, it announced financial and strategic partnerships with ride-sharing company Ola, and autonomous systems companies WayRay, SoundHound, and Aurora.

Via ID acquires UbiGo

Swedish mobility as a service (MaaS) company UbiGo has been acquired by Via ID. UbiGo had a successful MaaS trial in Gothenburg, after which it launched in Stockholm. It allows users to plan, book and buy tickets for public transportation, taxis, car sharing services, car and bike rental via its app. Users can buy a monthly subscription which includes a certain amount of time across various mobility modes.

UbiGo runs on FluidHub, the technology developed by Fluidtime, a part of Kapsch, a longtime Mobiag partner.

Via ID is part of Mobivia, investing in various mobility companies. It already owns a stake in a car sharing company Drivy, bike sharing services Smoove and Klaxit.

If you have any questions regarding Mobiag solutions or wish to discuss a partnership, do not hesitate to contact us.

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