Flixmobility's financing round is a mix of equity and debt. The company's valuation increases compared to the last financing round two years ago to now around 2.5 billion euros (3 billion dollars). Existing investors include General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford, and Silver Lake. Canyon Partners is joining the Munich-based company as a new investor.
“This latest financing is a strong sign for the future and for our vision of providing sustainable mobility to people around the world with Flixbus and Flixtrain,”
says Jochen Engert, founder and CEO of Flixmobility.
“With the financing completed, we are well positioned for future international growth and expansion plans with Flixtrain and Flixbus.”
Flixmobility aims to become market leader in Great Britain, Portugal and the USA
The company says it has successfully mastered the coronavirus pandemic and now intends to expand. The train business is also to be expanded in Germany and Sweden grow.
"We are now going on the offensive. Our clear goal is to become the market leader in all markets where we are present. This also applies to emerging markets such as Great Britain and Portugal or the USA, where we are currently number two or three,"
says André Schwämmlein, founder and CEO of Flixmobility.
"We want to make green, affordable mobility accessible to as many people as possible, and the US in particular offers immense potential for this. We see the US as our largest market in the future. But we will also strengthen our market position in major European markets after the pandemic to give people the opportunity to travel again. To achieve this, every single country, including the EU, must support fair competition and address the lack of equal access to European markets."
The Munich-based company currently operates Flixbus in 36 countries and Flixtrain in Germany and Sweden. In 2019, 62 million passengers traveled with Flixmobility.
