Volkswagen Reveals More About Gett Investment

Gett and Volkswagen were in Berlin today to lay out some of the details of how their new partnership would work. The main announcement from the event was that Gett drivers would be encouraged to buy VWs by pooling costs of purchase with some of the costs of becoming a Gett driver.

Volkswagen announced last week that it had invested $300 million in the ride hailing service, Gett. The company was founded in Israel and, according to Gett CEO Shahar Waiser, is “the quickest, safest, most reliable” ride hailing service.

The investment is part of Volkswagen’s Strategy 2025, which seeks to help the Group adjust and thrive in the future.

The partnership with Gett will result in special  package offers that will pool the cost of purchasing (or leasing) the vehicle with the servicing and insurance necessary for driving with Gett. This plan is expected for Volkswagen, Skoda, and SEAT, but a special chauffeur service is being considered that will feature Audis and Porsches.

The partnership will also help the relatively young Gett to expand into more markets. Gett will be on the streets of Berlin from the first half of 2017 and will expand throughout Europe in the future.

Volkswagen’s Ole Harms took to the stage in his official capacity as Head of New Business & Mobility, saying “We aim to establish ourselves side by side with Gett as the clear European leader in the ride hailing  market.”

Matthias Muller, Chairman of the Volkswagen Board of Management, added that farther down the line they will look to work with Gett to figure out the best ways of moving people around a city. This, he says, will include collaboration in the burgeoning field of autonomous driving.

On top of that, Muller says that he will reveal more about the partnership and future strategy later in the month.