FRANKFURT -- Daimler has agreed to acquire German ride-sharing company flinc, the automaker said in a statement.
The start-up launched in 2011 and specializes in ride-sharing for short- and medium-haul routes. About 500,000 customers are registered with the platform.
Daimler did not disclose the financial terms of the deal in the statement on Thursday.
The ride-sharing scheme provides real-time door-to-door services.
Daimler's other mobility services include the car2go car-sharing provider and the moovel and mytaxi mobility apps.
German rail company Deutsche Bahn and General Motor's Ventures division were previously investors in flinc.
Automotive News Europe contributed to this report