Volkswagen has invested a whopping $300 million into Gett, one of Uber’s prime rivals in the US and Europe. This brings Gett’s total funding to $520 million, which – while impressive – still pales in comparison to the billions raised by Uber, Lyft and Didi Chuxing. This does, however, put Gett in the fight. Lyft recently partnered with General Motors and Apple has invested $1 billion in Didi Chuxing. Fortunately, Gett is opening the door for innovation and success by aligning themselves with the European automobile production powerhouse. The move is poised to be beneficial for both companies. Gett will acquire the capital they need to expand beyond Europe and New York (the only US city in which they are established). Volkswagen will not only insert themselves into the discussion of ride-sharing, but they will also change the headlines concerning their recent scandal-ridden brand name. Volkswagen is just as excited about the investment as Gett. Volkswagen’s chairman of the board, Matthias Müller, insists it is “the first milestone to providing integrated mobility solutions.” While many advancements in transportation have been made by companies other than the European staple, the motivation to change the landscape of mobility in an underdog competitor could spell gold for this partnership. In order to compete with their ride-sharing competition, Gett has launched food delivery services as well. While Uber continues to boast their UberEATS success and GrubHub continues to dominate the market, Gett must be diversifying for the sake of diversity to keep themselves afloat amongst the astoundingly successful competition. But with so many companies vying for the top spot, the costumer will be the one that benefits the most. Photo: Flickr / Benedict Benedict
