HomeGermanyBlacklane Raises €60M in Series G Funding

Blacklane Raises €60M in Series G Funding

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Dr Jens Wohltorf, CEO and co-founder of Blacklane
Dr Jens Wohltorf, CEO and co-founder of Blacklane.

Blacklane, a Berlin, Germany-based chauffeur services provider, raised €60M in Series G funding.

Backers included TASARU Mobility Investments, Mercedes-Benz Mobility, Gargash Enterprises, Al Fahim Group, Alstin Family and RI Digital Ventures.

The company intends to use the funds to expand its operations in its largest market, the U.S., sharpen its focus on the Middle East, and continue its business in Europe.

Led by CEO Dr. Jens Wohltorf, Blacklane is a provider of chauffeur services. The company offers Airport Transfers, City-to-City commutes, in-city mobility options and Chauffeur-by-the-hour services in over 50 countries globally, either pre-booked or on demand. Whether it’s for business or pleasure, Blacklane and its 400 employees and thousands of chauffeur partners have the right premium transportation service.

Specifically regarding Saudi Arabia, the business will launch in several key cities, deploying a fleet of electric vehicles (EVs) and creating quality local jobs, which will include the training of female and male chauffeurs in Blacklane’s Chauffeur Academies.

The partnership with TASARU will also involve collaboration with local market players such as airlines and airport transfer companies to provide luxury chauffeur services used to the needs of Saudi Arabia’s growing market.

FinSMEs

29/10/2024

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