German government-owned Deutsche Bahn has been investing in a Berlin-based taxi and ride-sharing startup which is set on expanding into the U.S. and Asia.
Tech German news magazine t3n recently reported that Deutsche Bahn has invested in Berlin startup Talixo to the tune of seven figures.
Launched in 2012, Talixo lets users pre-book taxis and various types of limousines online or via app. I also offers a ride-sharing service for business customers to share rides to and from the airport.
Talixo plans to use the raised capital to expand into the United States and Asia. Currently the service is being offered in 748 cities across 95 countries worldwide, and on every continent.
Ride-sharing apps like Uber have risen in popularity in recent years, but they have also been somewhat controversial in Europe with big taxi unions, and in some countries, including Germany, courts have challenged Uber’s car-sharing services because their drivers are not expected to have the same licensing requirements as traditional taxi services.