• Home
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions
Thursday, July 3, 2025
Run Way Nomad
No Result
View All Result
  • Home
  • Travel News
  • Tourism
  • Food Travel
  • Travel Ideas
  • Lifestyle
Run Way Nomad
  • Home
  • Travel News
  • Tourism
  • Food Travel
  • Travel Ideas
  • Lifestyle
No Result
View All Result
Run Way Nomad
No Result
View All Result
Home Travel News

Lyft enters Europe with €175M acquisition of ride-hailing supplier FreeNow

admin by admin
May 21, 2025
in Travel News
0
Lyft enters Europe with €175M acquisition of ride-hailing supplier FreeNow
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Trip-hailing platform Lyft will determine its presence in Europe by means of obtaining Germany-based mobility supplier FreeNow for €175 million.

The deal is predicted to closed in the second one part of this yr, “matter to normal ultimate prerequisites,” Lyft mentioned in a free up. 

Prior to now, Lyft’s ride-hailing operations had been unique to the USA and Canada, however with this acquisition they are going to be to be had in a complete of eleven international locations, together with Eire, the UK, Germany, Greece, Spain, Italy, Poland, France and Austria.

Based in 2009 and lately owned by means of BMW Staff and Mercedes-Benz Mobility, FreeNow operates in additional than 150 Eu towns. Whilst it is described as a “taxi-first trade,” the platform additionally permits customers to guide personal rent cars, care sharing, e-scooters and e-bikes, amongst different choices.

In 2024, taxis accounted for 90% of the app’s gross bookings, and taxis will stay the “spine of FreeNow’s trade,” Lyft mentioned in a free up. There can be no quick alternate to the FreeNow visitor revel in, however further advantages—reminiscent of further profits transparency for drivers and extra constant pricing for riders—can be added sooner or later, Lyft mentioned.

Subscribe to our e-newsletter underneath

The corporate additionally famous the purchase will double its overall addressable marketplace to over 300 billion private journeys yearly and build up annualized gross bookings by means of €1 billion.

“We’re on an bold trail to construct the most efficient, maximum customer-obsessed mobility platform on this planet, and coming into Europe is a very powerful step in our enlargement adventure,” mentioned David Risher, CEO of Lyft. “We discovered the very best spouse in FreeNow and will be told so much from the staff. FreeNow’s local-first manner mirrors Lyft’s values and embodies our goal—to serve and fasten.”

Consistent with Lyft, roughly part of taxi bookings in Europe lately occur offline, however consumers are “hungry” for get admission to to on-line taxi bookings.

“Becoming a member of forces with Lyft is an impressive step ahead for FreeNow and marks the start of an bold new segment—one the place we reinforce our position as a number one power in Eu mobility,” mentioned FreeNow CEO Thomas Zimmermann.

“Lyft’s sturdy, customer-first observe file aligns completely with our deep roots within the taxi trade, and in combination we can push obstacles and lift expectancies for fleet house owners, taxi drivers, and riders around the continent. We stand with the trade—no longer above it—and stay proud companions of the neighborhood. This collaboration is set combining our strengths, finding out from every different and scaling what works very best.”

Lyft mentioned the transfer will “right away gas its enlargement technique” and higher place it for long term partnerships.

Whilst Uber—which operates globally—stays the Lyft’s greatest competitor, Estonia-based mobility app Bolt could also be rising in Europe.

Bolt made headlines lately after securing a number of multi-million greenback rounds of investment. Final month, it expanded operations by means of obtaining Denmark-based electrical automobile ride-hailing carrier Viggo. Additionally in March, Bolt offered a new characteristic for flight monitoring, offering customers with rides once they come at their vacation spot airport.

READ ALSO

PhocusWire’s weekly commute tech information briefs: FCM Shuttle, Traveltek, SAP Concur and extra…

Traveloka: Thailand chargeable for 80 % of the highest 100 F&B studies in APAC


Trip-hailing platform Lyft will determine its presence in Europe by means of obtaining Germany-based mobility supplier FreeNow for €175 million.

The deal is predicted to closed in the second one part of this yr, “matter to normal ultimate prerequisites,” Lyft mentioned in a free up. 

Prior to now, Lyft’s ride-hailing operations had been unique to the USA and Canada, however with this acquisition they are going to be to be had in a complete of eleven international locations, together with Eire, the UK, Germany, Greece, Spain, Italy, Poland, France and Austria.

Based in 2009 and lately owned by means of BMW Staff and Mercedes-Benz Mobility, FreeNow operates in additional than 150 Eu towns. Whilst it is described as a “taxi-first trade,” the platform additionally permits customers to guide personal rent cars, care sharing, e-scooters and e-bikes, amongst different choices.

In 2024, taxis accounted for 90% of the app’s gross bookings, and taxis will stay the “spine of FreeNow’s trade,” Lyft mentioned in a free up. There can be no quick alternate to the FreeNow visitor revel in, however further advantages—reminiscent of further profits transparency for drivers and extra constant pricing for riders—can be added sooner or later, Lyft mentioned.

Subscribe to our e-newsletter underneath

The corporate additionally famous the purchase will double its overall addressable marketplace to over 300 billion private journeys yearly and build up annualized gross bookings by means of €1 billion.

“We’re on an bold trail to construct the most efficient, maximum customer-obsessed mobility platform on this planet, and coming into Europe is a very powerful step in our enlargement adventure,” mentioned David Risher, CEO of Lyft. “We discovered the very best spouse in FreeNow and will be told so much from the staff. FreeNow’s local-first manner mirrors Lyft’s values and embodies our goal—to serve and fasten.”

Consistent with Lyft, roughly part of taxi bookings in Europe lately occur offline, however consumers are “hungry” for get admission to to on-line taxi bookings.

“Becoming a member of forces with Lyft is an impressive step ahead for FreeNow and marks the start of an bold new segment—one the place we reinforce our position as a number one power in Eu mobility,” mentioned FreeNow CEO Thomas Zimmermann.

“Lyft’s sturdy, customer-first observe file aligns completely with our deep roots within the taxi trade, and in combination we can push obstacles and lift expectancies for fleet house owners, taxi drivers, and riders around the continent. We stand with the trade—no longer above it—and stay proud companions of the neighborhood. This collaboration is set combining our strengths, finding out from every different and scaling what works very best.”

Lyft mentioned the transfer will “right away gas its enlargement technique” and higher place it for long term partnerships.

Whilst Uber—which operates globally—stays the Lyft’s greatest competitor, Estonia-based mobility app Bolt could also be rising in Europe.

Bolt made headlines lately after securing a number of multi-million greenback rounds of investment. Final month, it expanded operations by means of obtaining Denmark-based electrical automobile ride-hailing carrier Viggo. Additionally in March, Bolt offered a new characteristic for flight monitoring, offering customers with rides once they come at their vacation spot airport.

Tags: 175MacquisitionentersEuropeFreeNowLyftproviderridehailing

Related Posts

PhocusWire’s weekly commute tech information briefs: FCM Shuttle, Traveltek, SAP Concur and extra…
Travel News

PhocusWire’s weekly commute tech information briefs: FCM Shuttle, Traveltek, SAP Concur and extra…

July 3, 2025
Traveloka: Thailand chargeable for 80 % of the highest 100 F&B studies in APAC
Travel News

Traveloka: Thailand chargeable for 80 % of the highest 100 F&B studies in APAC

July 3, 2025
Ant Global unveils AI-powered commute carrier Alipay+ Voyager
Travel News

Ant Global unveils AI-powered commute carrier Alipay+ Voyager

July 2, 2025
4 Australian cruise corporations sign up for Ecotourism Corridor of Popularity
Travel News

4 Australian cruise corporations sign up for Ecotourism Corridor of Popularity

July 2, 2025
StaySaavy needs to make sure visitors do not overpay for lodge remains
Travel News

StaySaavy needs to make sure visitors do not overpay for lodge remains

July 2, 2025
Tourism Authority of Thailand holds Wonderful Thailand Saneh Thai Gala Night time
Travel News

Tourism Authority of Thailand holds Wonderful Thailand Saneh Thai Gala Night time

July 2, 2025
Next Post
The Election of Pope Leo XIV Anticipated to Draw in Extra Guests

The Election of Pope Leo XIV Anticipated to Draw in Extra Guests

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

San Francisco’s Painted Girls: The Historical Properties of Alamo Sq.

San Francisco’s Painted Girls: The Historical Properties of Alamo Sq.

April 21, 2024
Geneva Tourism launches 2024 Summer season Marketing campaign, with unique Summer season Shipping Card and limited-edition ‘Golden Price tag’ initiative

Geneva Tourism launches 2024 Summer season Marketing campaign, with unique Summer season Shipping Card and limited-edition ‘Golden Price tag’ initiative

April 20, 2024
Consortium led through Certares will make investments €125M as a part of settlement with FTI Team

Consortium led through Certares will make investments €125M as a part of settlement with FTI Team

April 20, 2024
Are You Getting the Maximum Out of Your Go back and forth Price range?

Are You Getting the Maximum Out of Your Go back and forth Price range?

June 11, 2024
The Kiswa Manufacturing unit of Ka’aba | Pommie Travels

The Kiswa Manufacturing unit of Ka’aba | Pommie Travels

December 4, 2024

About Us

Welcome to runwaynomad.com The goal of runwaynomad.com is to give you the absolute best news sources for any topic! Our topics are carefully curated and constantly updated as we know the web moves fast so we try to as well.

Categories

  • Food Travel
  • Lifestyle
  • Tourism
  • Travel Ideas
  • Travel News

Recent Posts

  • PhocusWire’s weekly commute tech information briefs: FCM Shuttle, Traveltek, SAP Concur and extra…
  • Why Summer time is the New Low Crowds Season at Disney International
  • The Edinburgh Grand: First Luxurious Assortment Lodge in Scotland
  • Home
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms & Conditions

Copyright © 2024 Runwaynomad.com | All Rights Reserved.

No Result
View All Result
  • Home
  • Travel News
  • Tourism
  • Food Travel
  • Travel Ideas
  • Lifestyle

Copyright © 2024 Runwaynomad.com | All Rights Reserved.