MobilityX will focus on mentoring new mobility-as-a-service companies and bringing innovative solutions to the transportation sector.
Portland-based Moovel is owned by Daimler AG, the maker of Mercedes-Benz, and develops urban mobility apps and services.
MobilityX startups will have access to the Capital Factory network of investors and mentors, as well as the network of Moovel’s transportation and mobility expertise.
“We’re excited to team up with Moovel to foster innovation in the transportation industry,” said Joshua Baer, founder and executive director of Capital Factory. “This program will provide an unparalleled opportunity for transportation and mobility startups to plug into the Daimler network for industry advice, customer feedback and new business opportunities.”
Nat Parker, CEO of Moovel N.A., said: “Moovel is excited to collaborate with the startup community to develop the next generation of mobility solutions. Capital Factory will provide the MobilityX program the structure, resources and pipeline of talent it needs to thrive.”
The program is intended to help incoming startups accelerate the development of mobility-focused products and services. Entrepreneurs who participate will have the option to participate in events such as Mobility Think Tank hackathons and workshops.
Startups in the program will have access to dedicated office space, classrooms and meeting rooms, and will receive mentoring on topics including marketing, product development and mentoring.
Capital Factory has partnered with other industries to foster entrepreneurship. Last year at Capital Factory, the U.S. Department of Defense launched DIUx, an incubator intended to connect the Pentagon and the U.S. tech community, and scout for startups to invest in.
Entrepreneurs interested in applying for the MobilityX program can visit MobilityX.CapitalFactory.com.
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