Our CEO and founder Dr. Jens Wohltorf talks about the closing of Blacklane’s latest financing round and entering a partnership with TASARU Mobility Investments.
Pioneering New Frontiers
I am delighted to announce that Blacklane has just closed its largest funding round to date and secured 60 Million Euros. We’re welcoming TASARU Mobility Investments as a strategic investor and shareholder, alongside our long-time partners Mercedes-Benz Mobility, Gargash Enterprises, Al Fahim Group, Alstin Capital and RI Digital Ventures. This is a testament to their confidence in Blacklane and to what the team has accomplished over the last years. We could not wish for better allies. TASARU’s expertise in mobility will be an invaluable asset to us, perfectly aligning with our robust global growth strategy. This milestone is a powerful endorsement of the progress we’ve made and a reflection of the incredible work our crew and chauffeurs have achieved together.
Valuation Increase and Strategic Global Expansion
This investment represents a 25% increase in valuation compared to our previous round, arriving at a moment of strategic growth for Blacklane, both globally and in the Middle East. As a longstanding pioneer in the premium mobility sector, this investment strengthens our mission to meet the rising demand for guest-focused sustainable travel solutions and ensures that we can perfect the experience of each journey. Beyond expanding our existing offerings, this investment will fuel innovation, enabling us to broaden our product offering, continue investing in our tech stack, and train the best chauffeurs in the world.
Expanding into Saudi Arabia, the Middle East and Beyond
Together with TASARU, we will sharpen our focus across Saudi Arabia as well as the Middle East, USA and Europe. In regards to Saudi Arabia we have some exciting plans including launching in key cities with a fleet of fully electric vehicles, creating quality local jobs and injecting capital into its expanding market. Having already tripled our rides in the Middle East in one year, this will allow us to further invest in addition to training thousands of female and male chauffeurs to the highest standards of service and professionalism at our very own Chauffeur Academies.
Strengthening Commitment to Sustainable Growth
This funding round will support our sustainability efforts by implementing innovative mobility solutions. We have been offsetting all rides since our founding in 2011, showcasing our dedication to environmental responsibility.
We’re honored to welcome TASARU to our notable list of investors, and look forward to the growth this partnership will foster!
