French ride-hailing company Chauffeur-Privé rebranded to Kapten just last year. At the time, the company had big expansion plans to compete with Uber in Europe across multiple markets. But Kapten is now going to merge with Free Now, another app from the same company — following this move, there will be a restructuring plan.
Kapten has had a rough corporate journey, so fasten your seat belt. Daimler AG acquired Kapten back in December 2017. More recently, Daimler AG and BMW Group agreed to merge their urban mobility services into a single holding company. Both German car manufacturers own a 50% stake each in five joint ventures — Reach Now, Charge Now, Park Now, Free Now and Share Now.
Free Now was originally created as the