Chauffeur service Blacklane has closed its Series F and brought in rental company SIXT as an investor.
The exact investment is undisclosed with a statement describing it as a “significant million euro sum.”
The funding is the second closing of the company’s Series F and follows Blacklane’s initial announcement regarding the round in late 2022 when Mercedes-Benz Mobility and Gargash Enterprises were named as investors.
The partnership with SIXT will see the two companies further their expansion in international markets with a particular focus on North America. In addition, Blacklane’s chauffeur services will be made available in the SIXT app in the United States and other markets next year.
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Germany-based Blacklane, which claims to have quadrupled revenues in 2022 compared with 2021, plans to put the funds towards building out its city-to-city program and add to its 300-strong team.
It also plans to invest in sustainability initiatives and is targeting 15% of rides to be in electric vehicles by the end of 2023.
Jens Wohltorf, co-founder and CEO of Blacklane, said, “We are thrilled to win SIXT as our partner and investor in this funding round. Their extensive experience in the ground transportation and travel industry, combined with our expertise in premium chauffeur services, create a powerful bond that will drive both companies’ global growth and innovation and solidify Blacklane’s position as industry leader.”
Nico Gabriel, chief operating officer of SIXT, said, “We welcome Blacklane on board as an additional valued partner in our mobility ecosystem and are looking forward to jointly create synergies for our business with this partnership.”
Blacklane announced a €22 million investment in March 2021, three years after raising approximately $40 million.