MaaS Global Completes €29.5M Funding Round

The World’s first Mobility-as-a-Service operator MaaS Global, known for its application Whim, announced that its most recent investment round is worth €29.5 million. That brings the company’s total investments to €53.7 million.

The new investors consist of BP Ventures, Mitsui Fudosan, Mitsubishi Corporation and Nordic Ninja. The company said that the earlier investors have also participated in the new investment round.

“We are thrilled to have acquired further expertise on board. With this large-scale experience and vision, we have all it takes to conquer the world by storm,“ says Sampo Hietanen, CEO and founder of MaaS Global. “The new investments will help us continue scaling the business to new continents.“

With over six million trips made since its launch in Europe in November 2017, Whim is the first all-inclusive MaaS solution commercially available on the market. The mobile app enables route-planning, booking, ticketing and payment options combining various methods of transportation.

Helsinki-based MaaS Global plans to expand Whim’s reach to a number of new markets including European cities, Japan, Singapore and North America in 2020. The new investors were attracted by both the existing service and its global growth potential. The MaaS industry is forecast to grow to a revenue of approximately $500 billion by 2030.