Big News: EQT and Kühne Holding Acquire 35% Stake in Flix! We are absolutely thrilled to share that EQT Future and Kühne Holding have acquired a 35% stake in our portfolio company, Flix! This is a huge milestone for Flix, one that brings in strategic investors who will empower them with industry-leading knowledge and expertise, strengthening their balance sheet and supporting their ambitious growth plans. We have been a proud partner since day one. When we first met the Flix team at their small offices in Munich, before the first green bus ever hit the streets, we knew they were onto something huge. We believed in them and believed that they were building something that would change the way we travel, and that’s exactly what they did. Nowadays, you can’t hit the road anywhere in Europe without seeing one of their iconic green buses, and this latest investment is a clear vote of confidence as Flix looks to expand further in North America and beyond the 43 countries it now operates in. We extend our heartfelt congratulations to André Schwämmlein, Jochen Engert, Daniel Krauss, and the entire Flix team for reaching this significant milestone. We look forward to supporting Flix as they continue to revolutionize the mobility industry. More info here: https://lnkd.in/eUhXBQG7 #CherryVentures #Flix #EQT #KühneHolding #Investment #Growth #ESG #Mobility cc: Christian Meermann Filip Felician Dames Sophia Bendz Alexander Langholz-Baikousis Dinika Mahtani Jasper Masemann
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EQT Group, a Swedish global investment organization, and Kühne, representing one of the world’s leading logistics entrepreneurs and investors, agreed to acquire a 35% stake in Flix, a German brand that offers low-cost intercity bus. Financial terms were not disclosed. "We are delighted to welcome EQT Future and Kühne as strong and purpose-driven investors with proven track records of building upon sustainable long-term investment strategies. Their capital and know-how will be a strong asset to our company's overall strategic vision. We couldn’t ask for better partners to embark on the next chapter of Flix’s journey," André Schwämmlein, Flix CEO and Co-Founder. FlixBus (led by André Schwämmlein) is advised by Sullivan & Cromwell LLP. EQT is led by Andreas Aschenbrenner. Kühne is led by Karl Gernandt and Dominik de Daniel. #MergersAcquisitionsDivestitures #Transportation #Bus
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🚀 Exciting News from Blacklane - Partnership with Sixt and Closing of our financing round!🚀 I am thrilled to share amazing news: Blacklane and renowned provider of mobility services SIXT entered a partnership that marks a significant milestone in the evolution of Blacklane. 🤝 In addition, Sixt joint our latest financing round with investors Mercedes Benz Mobility and Gargash Group. Expanding Horizons: The integration of Blacklane into the Sixt app in the U.S. is just the beginning: Soon, Sixt customers will have seamless access to our premium chauffeur services. Moreover, this partnership opens doors to Sixt's vehicles and connected services, enhancing our global reach and expanding our presence in key growth markets, starting with North America. 🌎 A Game-Changing Investment: This collaboration represents the latest closing of Blacklane's funding round, in total injecting a substantial double-digit million euros amount into our mission of delivering peace of mind today for a better tomorrow. Notably, this now completed investment values Blacklane at approximately 50% higher than our 2020 valuation. Our first closing garnered support from esteemed investors Mercedes-Benz Mobility AG and Gargash Group, aiding our expansion in the Middle East. 📈 Super-Charging Growth and Innovation: Building on our remarkable 2022 success, where we quadrupled revenues year-over-year, we continue to focus on profitable growth. Our commitment to innovation shines through with exciting services like our City-to-City program, connecting metropolitan areas across 11 countries via 127 routes. 🌟 Sustainably Expanding: Sustainability is at the core of our strategy, with plans to achieve 15% of rides with electric vehicles by the end of 2023 and a remarkable 50% by 2025. Since our founding in 2011, Blacklane has offset all rides, underscoring our commitment to environmental responsibility. 🌿 This partnership with Sixt showcases the confidence in Blacklane's business model and growth prospects. We are honored to welcome Sixt to our list of investors, which includes industry leaders like Mercedes-Benz Mobility, Al Fahim Group, b2venture, Gargash Group, and Alstin Capital. I am incredibly proud of what we've achieved and excited about the road ahead. Thank you for your unwavering support and trust in Blacklane. Find a link to our blog with more details in the comments. #Investment #Growth #UpgradeYourTravels #ChauffeurHailing
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MaaS Global Ltd files for bankruptcy... Should we see this as a major impact on MaaS? 👇 It's news that's sounding alarm bells in the world of #mobility... 📉 Despite raising an impressive $162 million from major groups, MaaS Global has been forced to file for #bankruptcy. A stark statement, highlighting the inherent challenges of #MaaS... ➡ But how did the Finnish company get there? ➡ What repercussions could this unexpected downfall have for MaaS? 🔎 Find out more in our article for an in-depth analysis of the facts 👉 https://lnkd.in/eD9Ch4ty 💬 PS : Feel free to share your thoughts, experiences and predictions for the future of MaaS in the comments below 👇
MaaS Global (Whim) files for bankruptcy, a turning point for the sector?
https://m2050.media
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@Privacy4Cars founder. Driving Privacy through transparency, data protection, and real consent. Multiple patents and creator of first app-driven process to delete PI from cars and of VehiclePrivacyReport.com
More evidence, as I said recently, that #mobility will continue to suck and players will continue to merge hoping that scale will fix things (it won't) - but short term you can acquire companies for esentially what the assets are worth.
Senior Manager | SDV | Mobility Transformation | New Business Development | Thought Leader
🚨 Breaking News: Not Bolt or Voi Technology and TIER Mobility are merging as rumoured last year - it's Dott and TIER Mobility! The companies have entered into a preliminary agreement merge both companies. 👉 A merged network is covering around 365 cities and municipalities around across Europe. Dott is strong in Italy🇮🇹, France 🇫🇷 and Belgium 🇧🇪. Both players have an overlap in around 45 % of the Dott cities. 👉 The combined company is apparently valued at € 150 million according to manager magazin. This is way below the past valuations and way below the capital that both entities raised 🤑. 👉 The merger follows the consolidation wave - Bird filed for chapter 11 in December, Superpedestrian ended the services in the U.S. at the end of 2023 and is auctioning the scooters 🛴. 👉 The deal is backed by investors, € 60 million 💰 addition funding is provided. Let's hope this is enough to restructure the companies towards a sustainable setup with higher gross margins and lower R&D, G&A and marketing spending. 👉 Henri Moissinac will take over the CEO role, Tier founder Lawrence Leuschner will become the chairman of the merged company. It's expected that the deal will close within 2 month from now, right before the hot season. 👉 Let's see what what will happen next. Voi Technology would need a solution, let's see if there will be a strategy reset of micro mobility at Bolt. #micromobility #sharedmobility #scooter
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CHF 200 million to accelerate Switzerland's leading car subscription service: TOP 100 Swiss scale-up Carvolution | Das Auto-Abo. secures major asset-backed financing to fuel its growth. Congratulations to the team, and all the best for a highly successful year 2024! https://lnkd.in/e5ADg6wM About: Carvolution re-imagines the rules of having a car. Switzerland's pioneer in car subscription offers a simple, flexible and affordable alternative to buying and leasing a car. Customers choose their own new car from over 50 models of various brands and decide for themselves how long they want to drive it. With a Carvolution car, there is no need for additional comprehensive insurance, taxes, tyres or anything else, because the monthly fixed price of Carvolution already includes everything except refueling or charging. Carvolution was ranked among the TOP 100 Swiss Startups from to 2018 to 2023. #TOP100SSU #SwissStartups
Carvolution accelerates growth with 200 million Swiss franc financing boost
venturelab.swiss
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🚀 Insights on Shared E-Scooter Services in European Cities 🚀 A study by Deloitte, commissioned by Bolt, analyzing e-scooter regulations in 155 cities across Europe, highlights the diverse regulatory models and their varying impacts. Key takeaways: 1. Light Regulation (open markets) and Medium Regulation (authorization regimes) often provide sufficient control while being cost-effective. 2. Stricter regulations can lead to higher costs for cities and users, reducing the adoption of micro mobility services. 3. Cities with 3-4 operators see the highest usage rates, promoting better service and competition. 🔎 Understanding the local regulatory landscape is crucial. For operators, flexible and well-informed strategies can help navigate these regulations. I'll be attending the Micromobility Industries Europe event on June 5-6 and look forward to meet-up and discuss these insights. 🤝 Feel free to reach out if you'll be attending Micromobility Europe too! For more detailed insights, check the link to the article in the comments! #Micromobility #SustainableTransport #UrbanMobility #Innovation #Startups #Scaleups Robert Jan ter Kuile Wouter de Wit Rob Lemmen Marieke 't Hart Willem Christiaan van Manen Ariën de Klerk Jan-Piet Nelissen Rob de Leeuw Taissa CondeNoortje PlooijRaphael Chinwuko, CIPP/ERon Felix REThijs van Lieshout Olav van Raath Kim aan de Meulen
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I have some big news to share with you today. Flix has secured a substantial investment from EQT and Kühne Holding. Together, they acquire a 35% minority stake at Flix SE. 📈This investment is fantastic news for us, as it further strengthens our balance sheet and helps accelerate our successful trajectory of profitable growth. 🌱Our new investors are purpose-driven long-term stakeholders, and they have a proven track record of building upon sustainable long-term investment strategies. 🚀With their capital and knowledge in the field, we could not ask for better partners to start this next chapter of our journey and overall strategic vision for the future of mobility. 💪You can read more about the new investors and their background as well as about Flix, our results over the last years, and more in the press release linked below. Stay tuned for more updates coming.
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Sustainable mobility advocate | New mobility models & tech | Public-private sector | Women in Mobility
2024 was predicted to be the year of micromobility consolidation, now officially kicked off with the news TIER Mobility and Dott are to merge: https://lnkd.in/evF4FgUa Huge news for the sector and, while I am now watching from the sidelines, I am sure this will be a positive move for the industry to achieve the goal of delivering sustainable mobility, both environmentally and financially. #micromobility #M&A
European E-Scooter Players Tier And Dott To Merge
forbes.com
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It's always good news when big corporations partner with startups, and even more so when the startup is part of our portfolio. As an example, eco.mio, which has signed a strategic partnership with German rail operator Deutsche Bahn. This collaboration encourages business travelers to choose trains over planes by offering an extra 100 BahnBonus points for every train journey taken. What does this mean? ✔ More rewards: Earn BahnBonus points that can be redeemed for class upgrades, free meals, and even free train rides. ✔ Sustainable travel: Contribute to reducing CO2 emissions and support sustainability. ✔ Easy and accessible: Eco.mio’s integration with online booking tools makes it simple to make greener travel choices. Consulting firm Roland Berger is the first to join the pilot program, aiming to reduce their business travel emissions by 40% per capita within 4 years. Katharina Riederer, CEO of Eco.Mio, is pleased with the results of the pilot program and plans to continue expanding their offer to more clients. 🔴 We’re proud to support initiatives that promote a more sustainable future. Congratulations to eco.mio on this significant step forward! #Sustainability #Innovation #CorporateTravel #Investments #EcoMio #DeutscheBahn #SustainableTravel #ZeroEmissions #SmartInvesting #GreenFuture
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Managing Director at Arlington Capital Advisors
2wJust a shame how far South the quality of your service has gone. And plenty of the buses look nowhere near like the one in the picture coupled with plenty rough and ready drivers. Get back on course!