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Capital Factory and moovel Create MobilityX Accelerator

Capital Factory and Daimler-owned moovel North America (N.A.) have 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 startup accelerator and co-working space, with added access to moovel N.A.’s network of mobility experts.

Creative Cooperation

"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 (C.A.S.E.). “We have been in contact with Capital Factory for quite some time. And we firmly believe that startup creativity will bring valuable impulses for the ‚S‘ for Shared and Services,” says Klaus Entenmann, Chairman of the Board of Management of Daimler Financial Services.

Think Tanks, Hackathons and Inspiration

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 ecoystem for business opportunities.

Through MobilityX, Capital Factory and moovel N.A. will create a center of gravity for innovation in mobility services and technologies. Entrepreneurs interested in applying for the MobilityX accelerator program can visit MobilityX.CapitalFactory.com.

About Capital Factory

Capital Factory is the center of gravity for entrepreneurs in Austin, the number one startup city in the U.S. Last year more than 90,000 entrepreneurs, programmers and designers gathered day and night for meetups, classes and coworking. We meet the best entrepreneurs in Austin and introduce them to their first investors, employees, mentors and customers. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2013.