AUSTIN, Texas--(BUSINESS WIRE)--Capital Factory and Daimler-owned moovel North America (N.A.) have partnered to create MobilityX, a transportation technology accelerator aimed at fostering the growth of new mobility-as-a-service companies and bring innovative solutions to the transportation sector. MobilityX will be part of Capital Factory, a proven, thriving startup accelerator and co-working space, with added access to moovel N.A.’s network of mobility experts.
“We’re excited to team up with moovel to foster innovation in the transportation industry,” said Joshua Baer, founder and executive director at Capital Factory. “This program will provide an unparalleled opportunity for transportation and mobility startups to plug into the Daimler network for industry advice, customer feedback and new business opportunities.”
"As an integral part of Daimler's mobility strategy, which encompasses mobility platforms and services, moovel is excited to collaborate with the startup community to develop the next generation of mobility solutions,” said Nat Parker, CEO of moovel N.A. “Capital Factory will provide the MobilityX program the structure, resources, and pipeline of talent it needs to thrive.”
Mobility and transportation focused startup companies will have access to experienced mentors from Capital Factory and Daimler executives, who will give valuable feedback and make introductions to other industry executives. This creative exchange in an incubator setting will serve as a blueprint for input into Daimler’s connected, autonomous, shared / services and electric strategy (C.A.S.E.). Entrepreneurs will have the option to participate in events such as a “Mobility Think Tank,” hackathons, and various workshop discussions. Startup companies at Capital Factory also have access to dedicated office space, classrooms, and meetings rooms, and will receive advice on all business topics including marketing, product development and fundraising. The program is intended to help incoming startups accelerate the development of mobility-focused solutions and connect them into the Daimler ecoystem for business opportunities.
Through MobilityX, Capital Factory and moovel N.A. will create a center of gravity for innovation in mobility services and technologies. Entrepreneurs interested in applying for the MobilityX accelerator program can visit MobilityX.CapitalFactory.com.
About moovel N.A.
moovel N.A. LLC, a part of moovel Group GmbH, enables seamless multimodal experiences and connected transit commerce through mobile applications. The mobile ticketing applications built by moovel N.A. are used by 16 transit authorities in the US and allow customers to book and pay for public transit tickets via their smartphone. This makes moovel N.A. the leading provider of mobile ticketing technology for US-based transit apps. Led by CEO Nat Parker, moovel is headquartered in Portland, OR. For more information, please visit www.moovel.com/US.
moovel Group GmbH was founded by Daimler AG, the maker of Mercedes-Benz, with the global mission to find solutions for the disconnected and ever-changing state of urban transportation and to discover how new technologies will affect the way we’ll move tomorrow. Being a part of Daimler Financial Services AG, moovel Group GmbH is headquartered in Stuttgart, Germany, led by Global CEO Jörg Lamparter. For more information, please visit www.moovel-group.com.
About Capital Factory
Capital Factory is the center of gravity for entrepreneurs in Austin, the number one startup city in the U.S. Last year more than 90,000 entrepreneurs, programmers and designers gathered day and night, in person and online, for meetups, classes and coworking. We meet the best entrepreneurs in Austin and introduce them to their first investors, employees, mentors and customers. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2013.