Volvo Vehicles to purchase Luxe property to spice up digital providers

UPDATED: 9/eight/17 12:03 pm ET – provides particulars

Geely-owned Volvo Automotive Group mentioned on Friday it might purchase some property of Luxe, a U.S. based mostly premium valet and concierge service, to spice up the event of its digital providers.

Volvo Automotive Group mentioned the expertise behind San Francisco-based Luxe will assist it advance its algorithms used for routing, logistics planning and arrival time predictions.

The deal can also be anticipated to speed up its means to supply digital buyer experiences comparable to pick-up and drop-off providers, the automaker mentioned. No monetary particulars of the transaction had been disclosed.

Automotive-ride supplier Uber Applied sciences Inc. was mentioned to be in superior talks with Luxe to purchase a few of its property, in response to media studies in June.

Uber didn’t instantly reply to a request for remark.

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