Daimler and BMW invest $1.1 billion in urban mobility services

DaimlerAG and BMW Group officially agreed to merge their urban mobility services into a single holding company back in March 2018 with a 50 percent stake each. And now, they want to unify their services under five categories by creating five joint ventures — Reach Now, Charge Now, Park Now, Free Now and Share Now.
Both automakers plan to invest $1.1 billion (€1 billion) to foster these urban mobility services over the coming years. There are already 60 million people using one of the