Capital Factory and Daimler-owned moovel North America partnered to create MobilityX, a transportation technology accelerator aimed at fostering the growth of new mobility-as-a service companies and bring innovative solutions to the transportation sector. MobilityX will be part of Capital Factory, a proven, thriving startup accelerator and co-working space, with added access to moovel N.A.’s network of mobility experts.

“We’re excited to team up with moovel to foster innovation in the transportation industry,” said Joshua Baer, founder and executive director at 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.”

"As an integral part of Daimler's mobility strategy, which encompasses mobility platforms and services, moovel is excited to collaborate with the start-up community to develop the next generation of mobility solutions,” said Nat Parker, CEO of moovel N.A. “Capital Factory will provide the MobilityX program the structure, resources, and pipeline of talent it needs to thrive.”

Mobility and transportation focused startup companies will have access to experienced mentors from Capital Factory and Daimler executives, who will give valuable feedback and make introductions to other industry executives. This creative exchange in an incubator setting will serve as a blueprint for input into Daimler’s connected, autonomous, shared/services, and electric strategy.

Entrepreneurs will have the option to participate in events such as a “Mobility Think Tank,” hackathons, and various workshop discussions. Startup companies at Capital Factory also have access to dedicated office space, classrooms, and meetings rooms; and will receive advice on all business topics including marketing, product development and fundraising. The program is intended to help incoming startups accelerate the development of mobility-focused solutions and connect them into the Daimler ecosystem for business opportunities.

Through MobilityX, Capital Factory and moovel N.A. will create a center of gravity for innovation in mobility services and technologies.