ReachNow scraps car rental service in Seattle and Portland
ReachNow has scrapped its car-rental services in Seattle and Portland following a corporate “realignment”, says The Seattle Times.
ReachNow offered rentals for BMWs and Mini Coopers and launched a ride-hailing service last year.
In May, the company announced to some of its customers that it was shutting down its ride-hailing service, saying that its third-party vendor could no longer support their business.
Last November, ReachNow - a BMW subsidiary - integrated car-sharing and ride-hailing int
July 25, 2019
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8879 ReachNow has scrapped its car-rental services in Seattle and Portland following a corporate “realignment”, says %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external The Seattle Timesfalsehttps://www.seattletimes.com/seattle-news/transportation/reachnow-shutters-car-rental-and-ride-hailing-services-in-seattle-portland/falsefalse%>.
ReachNow offered rentals for BMWs and Mini Coopers and launched a ride-hailing service last year.
In May, the company announced to some of its customers that it was shutting down its ride-hailing service, saying that its third-party vendor could no longer support their business.
Last November, ReachNow - a BMW subsidiary - %$Linker: 2External<?xml version="1.0" encoding="utf-16"?><dictionary />000link-external integratedfalsehttps://www.itsinternational.com/categories/utc/products/reachnows-car-sharing-and-ride-hailing-app/falsefalse%> car-sharing and ride-hailing into its app with the aim of providing members in Seattle with an alternative to car ownership.
According to ReachNow, members who signed up to the service since the start of 2019 will receive a refund on their $15 sign-up fee.
Volvo Group Venture Capital has invested in Momentum Dynamics – a company which provides wireless charging technology for commercial electric, connected and autonomous vehicles (C/AVs).
Per Adamsson, vice president at the Volvo subsidiary, says: “High capacity charging up to 300 kW for trucks, buses, construction equipment, industrial and marine applications will support the electrified transition.”
Wireless electric charging is expected to allow any vehicle to automatically connect to the electrical
Vietnamese ride-hailing company FastGo intends to expand its service to Indonesia and Myanmar by the end of the year. In a report from Việt Nam News, Nguyễn Hữu Tuất, FastGo’s CEO, says the company expects to occupy a 30% market share in Indonesia and take second place after Grab in Myanmar. The company aims to raise US$50 million in a new round of funding to help accelerate regional expansion, Tuất adds. According to Tuất: “We chose Myanmar and Indonesia as we have relevant strategies for them in place.