Munich-based unicorn Flixmobility raised half a billion euros in a new financing round. The proceeds will be used to expand its bus network worldwide and launch its car-sharing service "Flixcar."
As the news agency Reuters reports, Flixmobility In what is now the sixth financing round, investors Permira and TVC joined the company. Together, they now hold more than 20 percent of the company's shares. General Atlantic remains the largest shareholder. In addition to the two new investors, existing investors such as Holtzbrinck Ventures and the European Investment Bank also participated in the new financing round.
Car sharing service “Flixcar”
With the financial injection, the mobility startup plans to expand its Flixbus network in South America and Asia. Furthermore, the company plans to launch its own car-sharing service, "Flixcar." Founded in 2013, the company already operates an extensive bus network in Europe and the USA, as well as covering various train routes in Germany with "Flixtrain," and is thus expanding its offerings with the car-sharing service "Flixcar."
Flixmobility wants to compete with Blablacar
Like its competitor Blablacar, "Flixcar" aims to provide ridesharing. With this service, the company aims to cover areas that are not served by the bus or train network. The goal is to enable passengers to continue their journeys to smaller towns and more remote locations, covering as many routes as possible.
