U.S. competition authorities approved the joint mobility venture between Bayerische Motoren Werke AG and Daimler AG, according to a Dec. 19 release.

The German carmakers recently delayed the completion of the ride-hailing venture to 2019, pending approval from U.S. antitrust parties.

Now that the JV has all required regulatory approvals, the companies said they expect to close the transaction by Jan. 31, 2019.

The new mobility venture will offer multimodal and on-demand mobility with moovel and ReachNow, car-sharing service with Car2Go and DriveNow, ride-hailing service with mytaxi, Chauffeur Privé, Clever Taxi and Beat under Intelligent Apps GmbH, as well as parking and car-charging services.

BMW and Daimler plan to present their next steps in the first quarter of 2019.