---
title: "Daimler to buy 10% of Estonia’s Taxify for €100 million"
id: "29918"
type: "post"
slug: "daimler-to-buy-10-of-estonias-taxify-for-e100-million"
published_at: "2018-05-29T21:42:38+00:00"
modified_at: "2018-05-29T21:46:01+00:00"
url: "https://estonianworld.com/business/daimler-to-buy-10-of-estonias-taxify-for-e100-million/"
markdown_url: "https://estonianworld.com/business/daimler-to-buy-10-of-estonias-taxify-for-e100-million.md"
excerpt: "Daimler AG, the German multinational automotive corporation, is to buy 10% of the Estonian startup, Taxify, for over €100 million – making the market capitalisation […]"
taxonomy_category:
  - "Business"
taxonomy_post_tag:
  - "Estonian startups"
  - "Taxify"
taxonomy_post_format:
  - ""
publisher: "Estonian World"
language: "en-GB"
author: "Sten Hankewitz"
author_url: "https://estonianworld.com/author/stenhankewitz/"
---

# Daimler to buy 10% of Estonia’s Taxify for €100 million

![Image](https://estonianworld.com/wp-content/uploads/2017/08/Taxify-fleet-Tallinn-1024x538.jpg)

By  [Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
  ·  May 29, 2018  · [Business](https://estonianworld.com/category/business/)
 · 1 minute of reading

### Daimler AG, the German multinational automotive corporation, is to buy 10% of the Estonian startup, Taxify, for over €100 million – making the market capitalisation of the startup over €1 billion.

Daimler, the producer of Mercedes-Benz vehicles, is to make the investment later this week, the Estonian weekly newspaper, Eesti Ekspress, reported on 29 May.

One of the biggest single investors in Taxify has previously been the Chinese rideshare company, Didi, which owns 13% of the company. According to Eesti Ekspress, Taxify is currently owned altogether by 19 other companies.

Daimler has previously invested USD50 million in the US-based rideshare company, Via.

[https://estonianworld.com/wp-content/uploads/2015/01/Taxify_CEO_Markus_Villig.jpg](https://estonianworld.com/wp-content/uploads/2015/01/Taxify_CEO_Markus_Villig.jpg)

Taxify was founded in 2013 in Estonia by Markus and Martin Villig. By today, the company is operating in 30 cities in the world, including Paris, Cape Town, and cities in Canada and Australia.

I

Cover: Taxify fleet cars in Tallinn, the Estonian capital.

## About The Author

![Avatar photo](https://estonianworld.com/wp-content/uploads/local-avatars/15/1707599474-bpfull-100x100.jpg)

[Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
Sten Hankewitz is a lifelong journalist and the Executive Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in the White Mountains of New Hampshire. He loves to write and besides working at Estonian World, he [writes books](https://estonianworld.com/culture/the-grand-illusion-estonian-worlds-sten-hankewitz-publishes-a-novel-about-growing-up-in-the-soviet-union/)
 and contributes to other outlets. He has strong convictions and shows them unashamedly. You can follow Sten on [Threads](https://www.threads.net/@stenhankewitz)
, [X](https://twitter.com/stenhankewitz)
 and [Facebook](https://www.facebook.com/shankewitz/)
. You can also [email him](mailto:sten@estonianworld.com)
.