Capital Factory and moovel Launch a Transportation Technology Accelerator

moovel smartphone app, photo courtesy of Daimler.

It’s no secret that Austin has traffic and congestion problems.

So Austin seems like the perfect place for Capital Factory to team up with moovel North America, a division of Daimler AG, the maker of Mercedes-Benz, to launch MobilityX, a transportation technology accelerator.

MobilityX will be part of Capital Factory, a startup accelerator and coworking space downtown. It will focus on “fostering the growth of new mobility-as-a-service companies and bring innovation solutions to the transportation sector,” according to a news release.

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

The MobilityX accelerator will include access to experienced mentors from Capital Factory and to Daimler executives. Entrepreneurs will have the option to participate in events such as a “Mobility Think Tank,” hackathons, and various workshop discussions. It also includes office space.

“As an integral part of Daimler’s mobility strategy, which encompasses mobility platforms and services, moovel is excited to collaborate with the startup 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.”

Entrepreneurs interested in applying for the MobilityX accelerator program can visit MobilityX.CapitalFactory.com.

moovel previously had an office in Austin run by Joseph Kopser, founder of RideScout. That office closed last year and moovel consolidated operations to its headquarters in Portland, Oregon.

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