Article Highlights

Key Takeaway:

High profile start-up MaaS Global receives €11 million in much-needed funding as it seeks to avoid the fate of other MaaS start-ups, which have closed down recently. MaaS Global plans to use the new funding to expand into selected markets and fund continuing operations.

Key Data:

As of June, MaaS Global had reportedly gone through €50 million (US$58.8 million) of the total €60 million it had raised as of that time.

Organizations Mentioned:

• MaaS Global
• Ferrovial

The CEO of MaaS Global, developer of the pioneering mobility-as-a-service app Whim, said the company’s latest capital infusion of €11 million (US$12.9 million), will help the start-up expand into a “selected markets” and provide capital for continuing operations.

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