myTaxi, Popular Taxi Odering App Maker, Intelligent Apps Raises 10Million Euros

Posted on Jan 23 2012 - 11:09am by Editorial Staff

Intelligent Apps, the company behind myTaxi, the most popular taxi ordering smartphone application with 8,00,000 app-downloads and 7,000 registered taxi drivers has raised 10 million euros from car2go, a subsidiary of Daimler and KfW Bankengruppe.

myTaxi has revolutionized the taxi market in less than ten months. For the first time, the customer can order a taxi directly via the innovative taxi-app, which makes dispatching centres obsolete. myTaxi offers a transparent and fair pricing model. Taxi drivers only pay small trip fees without having to pay any monthly fixed costs to dispatching centres.

“With car2go, we have already presented one successful solution to the challenges of urban mobility. Our investment in and strategic partnership with myTaxi is a way for us to expand upon bridging the gaps in public transportation. The services of car2go and myTaxi do not compete, but complement each other so that they can be combined to meet the needs of urban transportation in a practical and convenient way,” says Robert Henrich, CEO of the car2go GmbH.

The capital increase will nurture a market expansion for myTaxi in Europe. myTaxi is already market leader in over 30 cities in Germany, Austria and Switzerland with a market share of 80%. Strategic partnerships with Deutsche Telekom Group and car2go will be further developed. The existing investors T-Venture, the venture capital of Deutsche Telekom AG, and KfW Bankengruppe, all contributed to the capital increase to promote the rapid growth of the company.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.