Vendi's suite of technology products will give an entire online marketplace experience including financial pre-approval to over 4,500 dealers using Société Générale subsidiary, Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK), for car finance.
The company aims to use this fund to open its platform to private customers. As of now, it is only available for business customers. The company also plans to adjust its offering to suit the realities that exist in the mobility industry.
The German manufacturer expects revenue from connected vehicles -- bundling parking, car-sharing and delivery services -- to start trickling in from about 2020, Juergen Stackmann, VW brand head of sales.