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More automakers cut deals with human cloud firms

May 25, 2016

Volkswagen made a $300 million investment in Gett, a human cloud ride-sharing firm. Separately, Toyota Motor Corporation entered into a memorandum of understanding with Uber, one of the largest human cloud firms.

Gett’s deal was announced yesterday. Gett is a competitor to Uber and is available in more than 60 cities worldwide, including London, Moscow and New York. Gett’s business model is based on licensed drivers who have a permit to carry passengers.

TechCrunch reports Gett has now raised $520 million.

In Toyota’s memorandum of understanding with Uber, the companies agreed to explore collaboration. In addition, the automaker made an investment in Uber and agreed to create a new leasing program allowing drivers to lease cars and cover their payments through Uber earnings.

“Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers,” said Shigeki Tomoyama, senior managing officer at Toyota.

The New York Times reports it appears that automakers are preparing for a future that may not require owning a car.

Staffing Industry Analysts includes companies such as Uber in the human cloud, part of the workforce solutions ecosystem.