Photo via Ji-Elle/Wikimedia

Photo via Ji-Elle/Wikimedia 

Daimler and BMW are set to merge their car-sharing services, Car2Go and Drive Now, into one, independently run company, a senior executive at one of the automakers reported to Reuters.

The merger is likely an effort by the German brands to compete with U.S.-based ride-hailing services such as Uber and Lyft.

Car2Go boasts almost 3 million users, with 870,000 in Germany; DriveNow has about 1 million users, including 720,000 in Germany.

The merger would also include BMW’s parking app, ParkNow.