German car giants BMW and Daimler are finalizing details for a merger of their respective mobility operations, according to a source from BMW.

The two carmakers are set to create a joint business for car-sharing, e-hailing, electric vehicle charging and digital parking services.

“This will create an ecosystem which can also be used for managing robotaxi fleets,”a BMW senior executive commented.
BMW recently announced plans to acquire German can rental company Sixt’s 50% stake in car sharing platform DriveNow for €209m. As a result BMW has full ownership of the business, potentially facilitating a fusion with Daimler’s Car2go.

“Our aim is to win 100 million customers for our premium mobility services by 2025. With DriveNow as a wholly-owned subsidiary, we have all options for continued strategic development of our services in our hands. Our experience with mobility services supports our development of future autonomous, electrified and connected fleets,” Peter Schwarzenbauer, member of BMW’s board, said.

DriveNow was founded as a joint venture between BMW and Sixt in 2011. Its car clubs operates in cities across nine European countries, including London.

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