German government-owned Deutsche Bahn is investing millions in a Berlin taxi and ride-sharing startup that has its sights set on expanding in the United States and Asia, according to a media report on Monday. Tech news magazine t3n reported on Monday that German railway company Deutsche Bahn has invested in Berlin startup Talixo to the tune of seven figures. According to t3n, Talixo plans to use the extra capital to expand into the United States and Asia. According to t3n, Deutsche Bahn hopes that its investment in Talixo will give it a connection to transportation to and from transit hubs. “From its technology to its business model, Talixo offers us the option of further developing a more concrete offer,” said Gerres.

Source: The Local July 24, 2017 16:30 UTC