Volkswagen Creates Moia Company for Driverless Vehicles
Volkswagen has launched a new company called Moia, which will focus on the development of products that power driverless vehicle. The Berlin-based company officially launched on Monday at TechCrunch Disrupt London 2016.
“MOIA is a stand-alone company under the Volkswagen Group umbrella, and will develop and market its own mobility services either independently or in partnership with cities and existing transport systems,” said Ole Harms, CEO of Moia, via press release.
After Volkswagen invested $300 million into a London-based ride hailing service called Gett, Harms hopes to turn Moia into a major player in the ride hailing service industry as well, following the blueprint of Gett.
“Together with Gett we are pursuing a clearly defined expansion strategy in Europe – only recently, three of the Group’s brands launched the first joint initiative with attractive vehicle packages for Gett drivers in the growth market of Moscow,” Harms said.
“Further markets will follow soon.”
Besides creating another option for transportation in urban environments, Volkswagen also has an interest in creating environmentally safe vehicles as well.
Company officials hope that Moia will represent a significant portion of Volkswagen’s sales revenue by 2025.
