Deutsche Bahn and General Motors were among the existing investors as Daimler paid an undisclosed amount to acquire ride sharing platform Flinc.
Automotive manufacturer Daimler has acquired Germany-based ridesharing platform Flinc for an undisclosed sum, giving an exit to investors including rail operator Deutsche Bahn and carmaker General Motors (GM).
Founded in 2010, Flinc operates a peer-to-peer ridesharing platform with more than 500,000 registered users. The offering is available as an app and website, and is also integrated into other services, such as company apps that enable colleagues to carpool.
GM’s General Motors Ventures unit joined Deutsche Bahn to invest in a…
