In future, Blacklane and SIXT will jointly work on expanding their footprint in international markets, initially with a special focus on North America, for both companies the most important growth market.
Blacklane’s chauffeur services will be available via the SIXT app in the US and other international markets in 2024, offering Blacklane as additional premium mobility option on the platform. The partnership will also benefit both companies through for example leveraging SIXT’s fleet capabilities and connected services. This will offer guests and chauffeur partners an even broader choice of vehicles and services.
“We at SIXT are committed to providing premium mobility solutions in car rental, carsharing, subscription, and ride-hailing services. 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”, said Nico Gabriel, Chief Operating Officer (COO) at SIXT.
“We are thrilled to win SIXT as our partner and investor in this funding round”, said Dr. Jens Wohltorf, CEO and Co-Founder of Blacklane. “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 company’s global growth and innovation and solidify Blacklane’s position as industry leader.”
“This is an exciting time for us to have SIXT as a partner and investor, marking a significant milestone for us,” says Nicolas Soucaille, General Manager – UAE, Blacklane. “Over the past five years, we've successfully serviced hundreds of thousands of customers in the Middle East region, delivering our guests with an elevated ride experience. We are proud to be the first all-electric fleet across all Blacklane territories, setting a new standard for luxury transportation in the Middle East. With this partnership, we hope to continue delivering exceptional first-class experiences as we work towards reducing our carbon footprint and contributing to climate change mitigation in the region."
The investment marks the second closing of Blacklane’s series F funding, providing Blacklane with a significant million euro investment at a valuation roughly 50% higher than the previous one from 2020. The first round of this F series was backed by prominent investors Mercedes-Benz Mobility and Gargash Group, driving Blacklane’s growth in the Middle East.
“At Gargash Group, our legacy has always been built upon trust, service excellence, and a forward-thinking approach. Blacklane and SIXT's partnership aligns with our mission. Their ambition to redefine mobility with sustainable, premier services reflects our own values. As Blacklane long term investors, we eagerly await the global successes this collaboration promises", added Mr. Shehab Gargash, Managing Director and Group CEO of Gargash Group.
With the completion of this Series F round, Blacklane is poised to strengthen its position as global leader in premium ground transportation. Coming out of a highly successful period where Blacklane quadrupled revenues in 2022 year-over-year, the company now plans to accelerate its growth by investing in new services such as its City to City-program, connecting metropolitan areas via 127 routes in 11 countries. The funding round will also contribute to the expansion of Blacklane’s German and global employee base of 300, driving the company’s growth and further strengthening its presence in its domestic market as well as abroad.
Additionally, the funding will support Blacklane’s sustainability efforts by implementing innovative mobility solutions. The company is committed to deliver 15% of its rides with electric vehicles by year-end 2023, and 50% by 2025. Blacklane is also offsetting all rides back to its founding in 2011.
Demonstrating confidence in Blacklane’s business model and growth prospects, SIXT joins notable investors such as Mercedes Benz Mobility, the Al Fahim Group, Gargash Group, b2venture and Alstin Capital.