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Auto Finance News MaaS pioneer moovel launches mobility project with Daimler Financial Services Published: 21st May 2019 Share Daimler Financial Services has introduced a new mobility budget for more than 3,000 employees in a partnership with travel app pioneer moovel. The corporate mobility budget provides employees with credit so they can book and pay for journeys using the moovel app, including bus and train, car-sharing services from Share Now (formerly car2go and DriveNow), the ride-hailing service mytaxi and rental bikes. The mobility budget, which also includes private use, enables employees to commute each day without using their own cars and can be used in Stuttgart, Berlin, Hamburg, Munich, Frankfurt, Cologne, Düsseldorf, Karlsruhe and Aschaffenburg. Daniela Gerd tom Markotten, chief executive officer of moovel Group, said: “More companies want to offer their employees solutions that go beyond a company car and rely on the flexibility of Mobility-as-a-Service. “Unlike a company ticket, our offer can be used for different means of transport. The mobility budget is a convenient way for employers to provide employees with a wide range of transportation options to meet their travel needs. We’ve received a lot of interest from companies to test out this new sustainable mobility solution.” Moovel Group is one of the five businesses created by the merger of BMW and Daimler’s mobility services last year and includes Seattle-based ReachNow. The moovel Group is expected to be renamed Reach Now later this year. A total of 21 cities and 6.7 million people use moovel’s services globally and in the first quarter of 2019 it processed 7.7 million transactions through its apps, representing a 19% year-on-year rise. Moovel is a Mobility-as-a-Service pioneer, providing access to various mobility options and mobile ticketing for millions of passengers. ReachNow is the first company to offer both car-sharing and ride-hailing in an app in Seattle and Portland, USA. Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsVolkswagen Group hits highest European market share in 3 years NewsAuto Trader predicts growth of new and used car market in 2025 NewsOctober sees modest 1.1% growth in new EU car registrations Auto Finance