Blacklane, a global chauffeur services provider, announced the closing of its largest financing round to date. The Series G round secures an investment of €60 million ($65 million) and marks a valuation increase of approximately 25% compared to the previous round in September 2023. Most existing investors supported this capital increase, which will strengthen Blacklane’s investment strategy and support the company’s healthy global growth strategy.
In connection with this investment, Blacklane plans to expand its operations in its largest market, the U.S., sharpen its focus on the Middle East, and continue its business in Europe. And this also enables Blacklane to diversify its business model with global and local mobility solutions while rolling out new services to its guests in the customary high-service quality.
Regarding Saudi Arabia, the business will launch in several key cities, deploying a fleet of electric vehicles (EVs) and creating quality local jobs,…