Lyft to buy the Taxi Freenow app for 197 million dollars to enter Europe

Horse riding giant Lift She said she agreed to obtain freeenow, a multi-German app with a ride in his heart, from BMW and Mercedes-Benz Mobility for about 197 million dollars in cash.

The European market acquisition opens to Lyft for the first time. The company has only worked in the United States and Canada since its launch in 2012, compared to its largest competitor Uber, which works in the world.

Freenow operates in nine countries and more than 150 cities across Austria, France, Germany, Greece, Ireland, Italy, Poland, Spain and the United Kingdom. The deal is expected to be closed in the second half of 2025.

This step comes a few months after Frino subscriber Its strategic focus on taxi’s business has led to 13 % annual growth, and that it had reached a stop.

Lyft said that the merger will double the total treatment market to more than 300 billion personal vehicle trips annually, and increase the total annual reservations by about $ 1.14 billion.

“We are on an ambitious path to build the best platform for moving clients in the world, and entering Europe is an important step in our growth journey,” said David Recyccher, CEO of Lyft. ))

In a statement this week, BMW and Mercedes-Benz Mobility said they will continue to focus on their basic operations as well as an Amnesty International and Carbon removal.

Lyft said that there will be no immediate changes to the experience of Freenow customers, but “over time, new benefits will be provided to Freenow drivers and passengers.” She said that the two companies will focus on integration so that the two contestants can use any of the applications when they are in North America or Europe.