Blacklane raises 22 million euros

The Berlin-based limousine platform has already raised 100 million euros. Blacklane wants to use the money to expand its offering and thus compete with Uber or Lyft.

Ten years ago, Frank Steuer and Jens Wohltorf founded Blacklane, a limousine platform, and now it has been revealed that the Berlin-based startup has raised €22 million in a recent round of funding, Bloomberg reports. This means Blacklane has now raised €100 million, Wohltof told Bloomberg

The money comes from existing investors such as Daimler AG. In 2018, a funding round also included Btov Partners and Al Fahim Group. The money will be used to establish new services. The Corona pandemic took a toll on Blacklane, with revenue down 99 percent from €10 million a month. Blacklane offers rides mainly in the luxury segment for customers who need to commute between cities or are driven to the airport.

Now Blacklane wants to compete with Uber or Lyft by also allowing rides to be booked on short notice within cities. The service is offered in Berlin, Dubai, New York, London and Paris so far, with more cities to follow (Startbase reported