Lyft, Inc. (Nasdaq: LYFT), a San Francisco, CA-based experience hailing market, acquired Freenow, a Hamburg, Germany-based multi-mobility app with a taxi providing at its core, from BMW Group and Mercedes-Benz Mobility for about €175M.
The acquisition is aligned with Lyft’s capital allocation technique of investing in new development alternatives. The transaction is predicted to shut within the second half of 2025, topic to customary closing situations.
Freenow will proceed working because it does right now, with its management staff and workers in place to drive development throughout 9 nations.
Led by CEO Thomas Zimmermann, Freenow offers a multi-mobility app with taxi providing, accessible in 9 European markets and over 150 cities. Its customers can entry varied mobility providers, together with taxis, PHV, carsharing, automobile rental, eScooters, eBikes, eMopeds and public transport. It operates throughout Eire, the UK, Germany, Greece, Spain, Italy, Poland, France, and Austria.
FinSMEs
16/04/2025
